Today: 25 May 2025
13 December 2020
1 min read

South Australian firm seeks funding for vaccine

Nikolai Petrovsky, the research director of biotechnology company Vaxine, said that the abandonment of the University of Queensland’s candidate vaccine presented an opportunity for funding to the South Australian firm…reports Asian Lite News

The South Australian developer of a candidate vaccine for the novel coronavirus has urged Prime Minister Scott Morrison to fund the “promising” project after research for the first one was halted.

On Saturday, Nikolai Petrovsky, the research director of biotechnology company Vaxine, said that the abandonment of the University of Queensland’s candidate vaccine presented an opportunity for funding to the South Australian firm, reports Xinhua news agency.

The Australian government announced on Friday morning that the University of Queensland’s research into a possible Covid-19 vaccine which has undergone phase one clinical trials will not be proceeding to phase three, as which has the potential to interfere with some HIV screening tests, leading to a false positive test result.

In response, Prime Minister Morrison announced that the government would acquire an extra 31 million doses of the candidate vaccines developed by AstraZeneca and Novavax.

Human trials of Vaxine’s candidate, called COVAX-19, began in Adelaide, capital city of the state of South Australia, in July but have received limited support from the government.

“I would just love Prime Minister Scott Morrison to acknowledge that there is a second Australian vaccine candidate out there that has very promising data and could actually make a difference,” Petrovsky added.

Australia’s overall Covid-19 caseload increased to 28,025 on Sunday after 13 more people tested for the virus, according to the latest figures from the Department of Health.

The Department also said that the numbers of locally and overseas acquired cases in the last seven days were zero and 70, respectively.

The country’s death toll stood at 908.

Also read:Australia blames China for breaking trade deal

Previous Story

2020s Belong To India: TATA Chairman

Next Story

Child poverty expected to remain above pre-coronavirus levels

Latest from -Top News

Taiwan bolsters combat readiness

President Lai Ching-te noted that the armed forces are undergoing a significant transformation to better handle the increasing hostility from Beijing Taiwan’s military is prioritising combat readiness as a key aspect of

EU lifts all economic sanctions on Syria

The European Union agreed to lift all remaining economic sanctions on Syria, hoping the relief will ease access to financial funds and speed up the war-battered country’s recovery after the fall of

UAE bakery aid reaches Gaza

The convoy is a crucial component of the UAE’s ongoing humanitarian strategy under Operation Chivalrous Knight 3, which prioritises urgent food aid. A major humanitarian relief convoy has successfully entered the Gaza

Tech giants unite for Stargate UAE

This marks the beginning of a strategic partnership involving G42, OpenAI, Oracle, NVIDIA, Cisco, and SoftBank Group, all coming together under the banner of international AI leadership. In a landmark announcement that

‘Make It in Emirates’ boosts Dh11b projects

The event welcomed more than 122,000 visitors — a 20-fold increase over its previous edition — and drew participation from over 720 local and international industrial, financial, and technology entities. The fourth
Go toTop