Categories: Market Overview

Russia authorizes use of ‘Sputnik Light,’ a one-shot Covid vaccine it says is 79% effective

Russia on Thursday authorized the use of a one-shot coronavirus vaccine called “Sputnik Light,” according to the country’s sovereign wealth fund, a move designed to boost vaccine supplies in countries with surging infection rates. The Russian Direct Investment Fund said Sputnik Light, a slimmed-down vaccine developed by Moscow’s Gamaleya Research Institute, has an efficacy rate of 79.4% and would cost less than $10 a dose.

RDIF said the shot, the first component of the country’s flagship two-dose Sputnik V vaccine, is compatible with standard vaccine storage and logistics requirements. It claims one of the potential uses of the single-shot vaccine is for the immunization of a larger number of people in a shorter time frame, noting it can be shipped at speed to a country in the midst of an acute outbreak.

RDIF said late-stage Phase III trials involving 7,000 people were underway in Russia, the United Arab Emirates and Ghana, among other countries. Interim results were expected later this month. Phase I and Phase II results of the single-dose Sputnik Light vaccine found the shot demonstrated safety for all subjects and no serious adverse events were registered, it said.

Russia authorizes use of ‘Sputnik Light,’ a one-shot Covid vaccine it says is 79% effective, CNBC, May 7

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

ADP hints at another strong NFP on Friday  

The monthly ADP labour market report showed that America created 192K new jobs in April, above…

30 mins ago

Fed’s hawkish tone risks sinking S&P500 to 4700

Bears showed strength ahead of the FOMC decision.  U.S. indices sagged on Tuesday as investors…

4 hours ago

A new stage of Bitcoin’s decline

Market Picture  Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…

8 hours ago

Ebay Wave Analysis 30 April 2024

- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…

21 hours ago

GBPAUD Wave Analysis 30 April 2024

- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…

21 hours ago

Silver: a possible long road down

Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…

24 hours ago

This website uses cookies