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Covid-19 Vaccine In Sight After Volunteers Showed Positive Results

The company leading the race to develop a coronavirus vaccine announced “positive” early findings on Monday, with participants producing antibodies to ward off the disease, NY Post has reported.

The company, Biotech company Moderna Inc. dosed 45 patients between the ages of 18 and 55 with 25, 100 or 250 micrograms of its experimental drug.

After receiving a second booster shot, those at the 25 and 100 dosage levels were found with antibody levels that were equal to or exceeded those found in patients who recovered from the COVID-19, the company said in a press release.

Moderna CEO Stephane Bancel told Bloomberg that the results “couldn’t have been better.”

“This is a very good sign that we make an antibody that can stop the virus from replicating,” he said.

The experimental vaccine, mRNA-1273, was found to be “generally safe and well tolerated” among patients, the company said. Further testing will begin in July.

Moderna stock soared 26 percent in pre-market trading Monday.

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N50,000, N30,000 To Be Distributed Among 433,000 Nigerians, Businesses By FG

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Tola Johnson, Special Assistant to  President Muhammadu Buhari on Micro Small and Medium and Medium Enterprises(MSMEs), says 100,000 small businesses will get N50,000 each.

NAN reports that the gesture is part of COVID-19 economic stimulus.

The presidential aide made the announcement at the inauguration of the Implementation of Survival Fund and Guaranteed Off-Take Stimulus Schemes for MSMEs on Thursday in Abuja.

Johnson, the Project Coordinator, said that the schemes were part of the Economic Sustainability Plan drafted by Vice President Yemi Osinbajo-led committee and approved by President Muhammadu Buhari.

“The Payroll Support targets 100,000 businesses. However, the number of individuals who will benefit from this is 500,000. What the government has done is to say that there a lot of MSMEs that have been affected by the COVID-19 pandemic lockdown.

“Afterward, there is a CAC (Corporate Affairs Commission) free registration; it is free for the MSMEs but the government is paying the CAC for this. What the government has done is to say to the CAC, you do this regularly to the MSMEs at about N12,000 or thereabout; give it to us at half price, we will give it to the MSMEs free.’’

Johnson added that under the National MSMEs Clinic, Osinbajo and the Minister of Industry, Trade and Investment went to no fewer than 26 states.

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He said it was discovered that very creative businesses were not registered.

“They will tell you they don’t have N10,000 to N12,000 to register their businesses. The government had promised that at some point, we will do and I think the opportunity has come now; the opportunity cannot be better than now.’’

The official also announced that under the Survival Fund, the last strap would be the Transport and Artisans Support.

At least 333,000 beneficiaries will get a one-off N30,000 grant, Johnson said.

He added that the government will work with associations, individuals and the Ministry of Transportation to implement the scheme.

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