The beachfront resort in Ras Al Khaimah's Al Marjan is being built on an island of almost 62 hectares
US pharmaceutical giant Johnson & Johnson said Tuesday it plans to provide 500 million doses of its vaccine for poor countries once results of clinical trials are announced by the end of January.
It plans to sell the vaccine at cost price and will provide the doses to Gavi, the Vaccine Alliance, the group's scientific director Paul Stoffels told a virtual round table in Geneva.
Also read: US regulators post positive review of Pfizer Covid-19 vaccine data
Coronavirus: What to expect after you've had a Covid-19 vaccine
Coronavirus: WHO against mandatory Covid-19 vaccines
The vaccine is currently undergoing final-stage clinical trials involving 60,000 participants at more than 200 locations in the US and other countries. Results are expected in late January.
J&J's Stoffels said the firm's Phase III trials -- which had to be interrupted briefly when one subject fell ill -- are now "in full swing", adding: "We target for results the month of January for efficacy and safety."
AstraZeneca, a leading rival in the world scramble for a coronavirus vaccine, has also pledged to sell its candidate at cost -- around 2.50 euros (Dh10.3) per dose -- while Pfizer of the United States has targeted a top price of around $40 (Dh147).
J&J had said in September that it hoped to win emergency authorisation to market its vaccine early next year.
Unlike some rival vaccines that require storage at extremely low temperatures, J&J's can be kept at 2.0 degrees Centigrade (35.6 Fahrenheit).
Speaking at the same conference, organised by the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), the head of Swiss lab Roche, Severin Schwan, said the at-cost model for vaccines could stymie innovation in the future.
"It's a good model during a crisis, but I don't think it can be a standard for sustainable innovation in the long run," said Schwan, the IFPMA vice president.
The beachfront resort in Ras Al Khaimah's Al Marjan is being built on an island of almost 62 hectares
With a proficient staff and cutting-edge technology, the hospital ensures accurate and timely test results, minimising any delays in the application process
Dubai's rental market thrives as the city attracts a growing population of residents, while Metahomes greets home hunters with a user-friendly experience and a vast selection of listings
Business expert presents cutting-edge solutions to clients in emerging and newly developed markets
PhysioTherabia has partnered with the leading insurance provider Takaful Al Arabia, in addition to Tawuniya, and has started engaging with other health insurance companies to ensure business scalability
The multi-million dollar project is expected to be completed before the end of the year
The event not only celebrated the chapter's annual gathering but also marked a significant milestone as the chapter commemorated its 10th anniversary
The event will be a deep dive into the latest trends, opportunities, and challenges confronting the banking and fintech sectors