Connect with us
nairametrics

Coronavirus

Moderna to seek emergency use of its COVID-19 vaccine

Moderna said the FDA will determine the health-risk of vaccine.

Published

on

Moderna COVID-19 vaccine passes safety test on animals

Moderna Inc has concluded plans to seek for emergency authorization for the use of its Covid-19 vaccine on high-risk groups if it proves to be at least 70% effective.

This disclosure was made by the Chief Executive Officer of Moderna, Stephane Bancel, during a telephone interview with Reuters.

Bancel said, “If the interim readout is deemed by the independent safety committee as positive with 70 or 80 or 90% efficacy, we will indeed consider approval. At such a level of efficacy, if we get there, we can protect a lot of lives in the people at the highest risk, and so, we will consider filing for an EUA for a very limited population.”

He disclosed that the Food and Drug Administration (FDA) will determine whether the benefit of the vaccine to a small group of high-risk individuals is greater than the risk of not having a full readout of safety data from all 30,000 study participants.

Bancel noted that the 2 groups of high-risk individuals who might be covered in such Emergency Use Authorization (EUA) would be the healthcare workers and the elderly.

GTBank 728 x 90

According to him, the company wants to gather more data on the safety of the vaccine in the study population over a period of several months before seeking full FDA’s approval.

Moderna’s vaccine candidate, mRNA-1273, which is at the conclusion stage with its move to enrol 30,000 volunteers in a final stage trial of a novel coronavirus vaccine may be able to announce its success early if it is able to show that people who got doses of the vaccine fared much better in its trial than people who didn’t.

Vaccines must show they are at least 50% more effective than a placebo to be considered for approval. Government officials said that in order to show its effectiveness, at least 150 people with Covid-19 infections must be recorded as trial participants with at least twice as many occurring among the placebo group.

GTBank 728 x 90

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Coronavirus

COVID-19 Update in Nigeria

On the 31st of October 2020, 162 new confirmed cases were recorded in Nigeria

Published

on

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 62,853 confirmed cases.

On the 31st of October 2020, 162 new confirmed cases were recorded in Nigeria, having carried out a total daily test of 3,008 samples across the country.

To date, 62,853 cases have been confirmed, 58,675 cases have been discharged and 1,144 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 625,510 tests have been carried out as of October 31st, 2020 compared to 620,758 tests a day earlier.

COVID-19 Case Updates- 31st October 2020,

  • Total Number of Cases – 62,853
  • Total Number Discharged – 58,675
  • Total Deaths – 1,144
  • Total Tests Carried out – 625,510

According to the NCDC, the 162 new cases were reported from 14 states- Gombe (54), FCT (35), Lagos (26), Ogun (12), Plateau (10), Rivers (10), Kaduna (4), Ekiti (3), Edo (2), Osun (2), Bayelsa (1), Imo (1), Ondo (1), Oyo (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 21,238, followed by Abuja (6,088), Plateau (3,640), Oyo (3,448), Rivers (2,820), Edo (2,666), Kaduna (2,652), Ogun (2,043), Delta (1,814), Kano (1,747), Ondo (1,667), Enugu (1,314),  Kwara (1,069), Ebonyi (1,049), Katsina (952), Gombe (937). Osun (928), Abia (898),  Borno (745), and Bauchi (713).

GTBank 728 x 90

Imo State has recorded 617 cases, Benue (493), Nasarawa (482), Bayelsa (413),  Ekiti (335), Jigawa (325), Akwa Ibom (295), Anambra (277), Niger (274), Adamawa (257), Sokoto (165), Taraba (146), Kebbi (93), Cross River (87), Yobe (82), Zamfara (79), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

GTBank 728 x 90

The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

Jaiz bank ads

Fidelity ads

 

 

 

 

 

 

Coronation ads

Continue Reading

Coronavirus

Cristiano Ronaldo now tests negative for Coronavirus

Cristiano Ronaldo tested negative for coronavirus after nearly three weeks that he tested positive.

Published

on

Cristiano Ronaldo tests positive for COVID-19

Juventus F.C. star, Cristiano Ronaldo, has tested negative for coronavirus, nearly three weeks after he tested positive.

This was disclosed by his club via its website on Friday.

It stated, “Ronaldo carried out a check with a diagnostic test (swab) for COVID-19. The exam provided a negative result.

“The player has, therefore, recovered after 19 days and is no longer subjected to home isolation.”

What you should know

GTBank 728 x 90

Ronaldo had tested positive for COVID-19 on October 13, while playing with Portugal. He had been in self-isolation since returning to Italy.

The 35-year-old missed four games including Wednesday’s 2-0 Champions League defeat to Lionel Messi’s Barcelona, and Juventus’s 2-0 win at Dynamo Kiev in their Group G opener.

The five-time Ballon d’Or winner’s return will be a boost for Andrea Pirlo’s faltering side who are fifth in Serie A, four points behind leaders AC Milan.

GTBank 728 x 90

Continue Reading

Coronavirus

FG warns Nigerians about on-going N3million COVID-19 grant scam

FG has warned Nigerians to beware of scammers using phishing links to defraud unsuspecting members of the public.

Published

on

FG warns Nigerians about on-going N3million COVID-19 grant scam, IMF, World bank loans, Over 56% of 2019 budget expenditure was released for capital projects , FG changes decision to sell stake of oil assets in JVs, Finance Bill: Nigeria exempts small businesses from Company Income Tax , Finance Bill is for the good of Nigerians – Finance Minister, Zainab Ahmed, Nigeria, five other West African countries reject ‘Eco’ as ECOWAS single currency, FG rejects calls for tax reduction, tax relief for donors to intervention funds, Nigerian economy going into recession, might contract by -8.9% - Finance Minister, Nigeria to spend $33.20 billion in 2021 up 17.2%, will spend 25% of budget on debt servicing - Finance Ministry

The Federal Government has issued a warning to Nigerians about an ongoing N3million COVID-19 scam in circulation.

This was disclosed by the Federal Ministry of Finance, Budget and National Planning via its Twitter handle.

According to the government, the scam targets Nigerians looking to benefit from the Federal Government assistance to businesses affected by COVID-19.

READ: #EndSARS: FG creates new N25 billion Youth Fund, to increase to N75 billion in 3 years

In the tweet, it warned about some phishing links being shared on social media, requesting for applications for N3 Million FG Grants.

GTBank 728 x 90

It tweeted, “The general public should note that these phishing links are generated by Scammers and intended to defraud unsuspecting Nigerians.

“Government requests for applications are only via official channels & websites.

READ: FG earmarks over N190 billion for road construction in the 6 geo-political zones by 2021

GTBank 728 x 90

READ: I won’t approve 2021 budget without provisions for #EndSARS victims, ASUU – Gbajabiamila

“It has come to our attention that a link is being shared via social media requesting for applications for a FG N3 Million grant.

“The general public should note that this is a SCAM. Any requests for applications are only via official channels & websites. Pls beware! #FinMinNigeria.

READ: #EndSARS: Protests may return if panels do not address all issues in 2 weeks – Former Nigerian Minister

Jaiz bank ads

What they are saying

Fidelity ads

Okebunmi Omolaja, has tasked the Federal Government to take its warning further from the social media to other publicity tools in order to spread the information across Nigeria.

He said, “The Ministry can help by carrying the awareness campaigns to States radio stations or federal officers in each States to meet the CDA Leaders of their traditional rulers palaces/govt schools premises.”

READ: 2021 Budget: Senate sets motion for budget defense, commences 2020 review

READ: FG disburses MSMEs Survival Fund in Lagos, Kano, FCT and 9 other states

Explore some Advanced Financial Calculators on Nairametrics

Coronation ads
Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Advertisement
Patricia
act markets
Advertisement
FCMB ads
Advertisement
IZIKJON
Advertisement
Fidelity ads
act markets
Advertisement
first bank
Advertisement
bitad
Advertisement
Stallion ads
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement