Breaking News Today

Almost $6 million poured into three Australian-made COVID-19 vaccines

Published: (Updated: ) in Australian News by .

The universities of Melbourne and Sydney will receive almost $3 million each to develop vaccines that could be shared globally.

The Federal Government will invest almost $6 million to support the development of three Australia-made COVID-19 vaccines.

Announced by Health Minister Greg Hunt this morning, the funding will help researchers develop and roll out vaccines made safe for clinical trials.

The University of Melbourne will receive almost $3 million for the development of two vaccines while the University of Sydney will receive almost $3 million for the development of one.

READ MORE: Oxford University coronavirus vaccine trial to resume

Researchers at the University of Sydney are currently working on a clinical trial to test their vaccine, which can be administered using a needle-free system.

With the funding, researchers hope to enrol 150 healthy volunteers to test the viability of the DNA-based vaccine.

The two Melbourne University vaccines target what is known as a "spike protein", which maximises the production of antibodies that fight the virus.

READ MORE: Face masks may be 'more effective than COVID-19 vaccine'

Mr Hunt said if successful, these vaccines could be deployed globally.

"Our Government continues to invest in medical research to supercharge the development of promising vaccines to save lives and protect lives," Mr Hunt said.

"The Government has invested more than $2 billion in COVID-19 research and development."

The Health Minister said developing a vaccine locally was of a "critical" nature to the government.

READ MORE: Vaccine trial participant suffered inflamed spinal cord

"The rapid development of safe and effective COVID-19 vaccines is a critical Australian Government priority," Mr Hunt said.

"Under the competitive, peer reviewed COVID-19 Vaccine Candidate Research Grant Opportunity, funding will be allocated for the further development of three COVID-19 vaccines."

READ:  'They ask every day, will Yuki be coming home?': Expat pets stranded

You can get up-to-date information from the Federal Government's Coronavirus Australia app, available on the App Store, Google Play and the Government's WhatsApp channel.

Beyond Blue's Coronavirus Mental Wellbeing Support Service is a 24/7 service free of charge to all Australians. Visit the site here or call 1800512348

For coronavirus breaking news alerts and livestreams straight to your smartphone sign up to the 9News app and set notifications to on at the App Store or Google Play.

Source: 9News

Share This
Finance Advice 2021