Russia could make available a vaccine for the treatment of the coronavirus disease as early as September.
Chief Executive of government-backed Russia Direct Investment Fund (RDIF), Kirill Dmitriev, who stated this, maintained that his country offer the World a vaccine better and faster than America despite “so called billions of dollars,” the US had claimed to have invested in Vaccine development.
‘’Russia may be one of the first to produce a vaccine against the backdrop of the billions that are being invested in the U.S. and all the pharma companies working on it. It’s a little bit of a shocking story,” he declared in an update sighted by Platforms Africa.
The RDIF is financing one of the country’s efforts to develop a vaccine.’’
This announcement is coming after Russia had denied that hackers working for the country’s intelligence agency tried to steal sensitive data from researchers in the UK, US and Canada.
The head of the Russian wealth fund, while stating that a deal has been agreed with AstraZeneca to manufacture a COVID-19 vaccine being developed by the pharmaceutical giant and Oxford University, explained that there was no need for Russia to steal vaccine data.
Russia is the fourth-most affected country in the world with more than 750,000 COVID-19 cases.
The Russian President, Vladimir Putin, has made finding a vaccine a top priority as the country has recorded more than 750,000 COVID-19 cases. This makes it the fourth-most affected country in the world.
The approach that is being employed by Russia in the race to be the first country to develop a vaccine against COVID-19 would be ignored in other countries. Moscow claims that it will know in just 3 months of trials if its leading candidate works.
Dmitriev’s comments is coming against the backdrop of accusations from U.K., U.S. and Canada, that hackers working with the group APT29, part of Russian military intelligence, had used malware to try to seize vaccine research.
The RDIF boss pointed out that Russia had no need to steal information from rival vaccine developers because it had already signed a deal with AstraZeneca Plc to manufacture the University of Oxford’s Covid-19 vaccine at R-Pharm, one of the largest pharmaceutical companies in Russia. R-Pharma is an RDIF portfolio company.
He said AstraZeneca is transferring the entire technological process and all ingredients for the full reproduction of the vaccine in Russia.
He said, ‘’Everything that is needed to produce the British vaccine has already been transferred to R-Pharm. AstraZeneca has already signed commitments to transfer all production of the British vaccine to R-Pharm.“
Dmitriev had said that Russia’s acquisition of the British developed vaccine was designed to complement and not replace its own home-grown vaccine, that is the one that Moscow is focused on developing. Their home-grown vaccine is set for regulatory approval by next month and will be administered to a large swath of the Russian population.
AstraZeneca did not immediately respond to a request for comment. It is not clear if they would transfer all the technology needed for Russia to produce the vaccine or if the agreement involves the British pharma giant sending the vaccine seed stock to manufacturers needed to start off production.