first-res Coronavirus vaccine

Coronavirus Vaccine Update: Adelaide-Based Company Vaxine To Start Human Trials

The first human trials of a potential coronavirus vaccine developed in Australia are about to begin in Adelaide.

Vaccine research director Professor Nikolai Petrovsky said the human trials beginning in Adelaide today were the first for a vaccine developed in the southern hemisphere.

He said “I am very confident there will be successful vaccines against COVID-19.”

READ MORE
first-res international travellers

Coronavirus Update: Why Australia Still Accepting International Travelers

The majority of coronavirus cases recorded in Australia have come from overseas and the majority of those cases came from either Europe or cruise ships.

The spokeswoman from the Department of Health said, “Due to international travel restrictions, those individuals arriving in Australia are generally arriving via charter or repatriation flights.” But most of the people entering Australia are coming home.

Chief Medical Officer Brendan Murphy said Everybody in hotel quarantine will be tested near the start and end of their stay in quarantine, with those who do not comply in Victoria facing an extra 10 days in quarantine.

READ MORE
first-res coronavirus vaccine

Chinese Researchers Gets Approval To Begin Human Testing For Potential Coronavirus Vaccine

Anhui Zhifei Longcom Biopharmaceutical and the Institute of Microbiology of the Chinese Academy of Sciences get approval to begin human testing for potential coronavirus vaccine from the National Medical Products Administration to launch clinical trials.

Chinese researchers and companies are testing six experimental shots in humans and more than a dozen vaccines are in different stages of clinical trials globally.

READ MORE
first-res Australian Stock Exchange (ASX) Listed Companies

Australian Shares Fall Over 5% On Coronavirus Impact Fears, New Zealand Slips

Australian shares slipped more than 5 percent on Thursday, as a spike in coronavirus cases across the United States and China put a damper on sentiment. 

Australia’s trade minister on Wednesday warned of a possible ban on international travelers till 2021.

In New Zealand, the gross domestic product fell 1.6% in the March quarter, the largest drop in 29 years, as coronavirus restrictions sapped economic activity.

READ MORE
res.com Economy

Coronavirus Warning: Second COVID-19 Wave Would Derail Economy

The Organisation for Economic Co-operation and Development (OECD) warns about the second wave of coronavirus in Australia would come at a $25 billion cost to the economy. 

The economy would then grow by just one percent next year. Unemployment would average of 7.6 percent this year and then 8.8 percent next year. The virus has infected 7.2 million people worldwide.

READ MORE