World Bank approves $12B for coronavirus vaccines, tests

Grant Boone
October 15, 2020

The world's largest country is expected to register its second potential coronavirus vaccine this week following the completion of early-stage human trials.

"We need to increase production of the first and second vaccine", Putin said during a broadcast on state TV.

The new vaccine, called EpiVacCorona, would arrive less than 10 weeks after Russian Federation became the first country in the world to approve a Covid-19 vaccine. Kirill Dmitriev, head of the Russian Direct Investment Fund that bankrolled the effort, said last month that the fund already has agreements with Mexico, India and Brazil, which ordered a total of 200 million doses, and dozens of other countries are interested in getting the vaccine. In August, Russia reached a milestone in its fight against the coronavirus when Russian President Vladimir Putin announced the approval of a coronavirus vaccine for human use, declaring Russia's victory in the global vaccine race. The name signifies the country's success in being the first nation to have an approved vaccine.

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On the other hand, an Abu Dhabi-based artificial intelligence and cloud computing company called Group 42 is nearing the end of Phase III clinical trials of a vaccine in partnership with CNBG. It was met with a wave of skepticism in the scientific community because at the time it had yet to enter any late-stage trials.

The website said on Monday that 481,613 people had taken the vaccine while an additional 93,653 had applied to be inoculated, according to the report. Golikova said Wednesday that 13,000 volunteers have so far enrolled in the studies of the Sputnik V vaccine. Russian Federation has the world's fourth largest coronavirus caseload with over 1.3 million infections. It has also reported over 23,000 deaths. They registered a record number of 14,231 new cases on Wednesday.

Russian Federation is battling 1.3 million cases of coronavirus, according to Johns Hopkins University data, and more than 23,000 people have died.

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