Researchers Rush To Develop Vaccine Against Omicron

"); jQuery("#212 h3").html("

"); });
2021-12-01 HKT 17:31
Scientists at the University of Hong Kong said on Wednesday they will collaborate with mainland drug makers to develop a vaccine against the Omicron variant, adding that it would take a few months to make an inactivated vaccine using the Covid-19 virus they had successfully isolated from a specimen.
Team leader, microbiologist Yuen Kwok-yung, said he could not disclose the names of the companies because they have not yet signed an agreement.
Yuen said that the isolation of the Omicron variant was an important step towards finding out how transmissible and virulent it is, while the virus could also be used to test the efficacy of existing vaccines and treatments.
"We are open to any collaboration. If we can help with the fight against this pandemic, we're happy to share the virus with anyone who really need it and have the expertise to work with it," he said.
The expert also said people who have not been vaccinated should not wait for next-generation vaccines but get inoculated immediately to protect themselves.
He noted that the first two imported Omicron cases in Hong Kong involved travellers who have been fully vaccinated.
Yuen said their immune response showed the vaccine they'd received offered a satisfactory level of protection. "Within just a few days, their antibodies have gone up at least 10 times, which is very satisfactory especially in terms of the immunological memory," he said.
South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance
South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more
Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong
Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more
China And UAE Ink Deal To Boost Cross-Border Payment Cooperation
China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more
Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025
The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more
Citigroup Lays Off 3,500 In China As Part Of Global Overhaul
Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more
Hong Kong Expands Crypto Market With Derivative Trading For Investors
Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more