Combating coronavirus: Scientists close to developing antibody treatment for Covid-19

Combating coronavirus: Scientists close to developing antibody treatment for Covid-19
Combating coronavirus: Scientists close to developing antibody treatment for Covid-19

Thank you for reading the news about Combating coronavirus: Scientists close to developing antibody treatment for Covid-19 and now with the details

Aden - Yasmine El Tohamy - AstraZeneca, the British-Swedish pharmaceutical giant is the one developing the treatment.

The scientists from Sweden and the UK are reportedly on the verge of developing an antibody treatment for coronavirus.

According to a report on Arab News, the antibody treatment could be a lifesaving for people who get infected by Covid-19.

AstraZeneca, the British-Swedish pharmaceutical giant is the one developing the treatment.

The British-Swedish multinational biopharmaceutical company AstraZeneca and its rival US drug-maker Gilead Sciences are also reportedly in talks about a potential merger, the media reported on Sunday.

According to a Bloomberg News report citing sources, "AstraZeneca contacted Gilead last month about joining forces. AstraZeneca has not specified terms for any transaction".

"The UK-based firm informally contacted Gilead last month to gauge its interest in a possible tie-up, the people said, asking not to be identified because the details are private," said the report.

While AstraZeneca said the "company does not comment on rumours or speculation", Gilead did not immediately comment.

If the deal comes through, it will be the biggest healthcare sector transaction at a time when both the companies are ahead in the race to develop a vaccine against Covid-19 disease that has infected over 6.90 million people, and caused close to 400,000 deaths.

Gilead Sciences last month signed non-exclusive voluntary licensing agreements with three Indian pharmaceutical companies -- Mumbai-headquartered Cipla, Hyderabad-based Hetero Labs and Noida-based Jubilant Life Sciences -- who will manufacture and sell its anti-viral drug remdesivir to treat severe COVID-19 patients.

Gilead's Remdesivir has received emergency use authorisation (EUA) from the US Food and Drug Administration (FDA) for the treatment of hospitalised patients with severe COVID-19 symptoms.

AstraZeneca last week announced it has reached a licensing agreement with Pune-based Serum Institute of India (SII) to supply one billion doses of University of Oxford's potential Covid-19 vaccine, AZD1222, for low-and-middle-income countries, with a commitment to provide 400 million before the end of 2020.

In addition, it reached a $750 million agreement with the Coalition for Epidemic Preparedness Innovations (CEPI) and the Vaccine Alliance called Gavi to support the manufacturing, procurement and distribution of 300 million doses of AZD1222 vaccine, with delivery starting by the end of the year.

Oxford University recently announced the start of a Phase II/III trial of AZD1222 in about 10,000 adult volunteers.

Over 100 vaccines are currently in the race to end the Covid-19 pandemic that has affected over 6.5 million people globally.

(With inputs from IANS)

These were the details of the news Combating coronavirus: Scientists close to developing antibody treatment for Covid-19 for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Khaleej Times and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV ‘Overwhelmed by old challenges’, Caribbean leaders say COVID-19 has forced a new battle for the survival of their nations
NEXT Modi spotlights India’s role as a ‘reliable, democratic global partner’