Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. COVID vaccine hopeful using Gates Foundation cash to prepare for human trial

Published 01/29/2021, 07:14 AM
Updated 01/29/2021, 07:15 AM
© Reuters. Vial, sryinge and small toy figures are seen in front of displayed U.S. flag

By John Miller

ZURICH (Reuters) - Scientists who normally focus on fixing defective genes said on Friday that up to $2.1 million from the Bill & Melinda Gates Foundation will help them move their COVID-19 vaccine candidate toward 2021 human trials.

Harvard University scientist Luk Vandenberghe and University of Pennsylvania gene therapy head James Wilson said primate safety and efficacy tests have proven promising for their single-dose candidate, targeted for room-temperature storage.

"We believe there is real potential," Vandenberghe said in an interview. "That being said, we're not naive. There's 300 vaccines racing towards the door and biology is complex."

Their candidate relies on an adeno-associated virus (AAV), deemed harmless to humans, to deliver DNA fragments from the new coronavirus, telling human cells to make a protein that provokes an immune response.

AAVs are already used in gene therapies sold by Novartis, including its $2.1 million-per-patient Zolgensma for spinal muscular atrophy. The Swiss company's gene therapy unit is backing the project with technical assistance and supply.

Other COVID-19 vaccines use viral vectors, too, though AstraZeneca (NASDAQ:AZN) and Oxford University's shot, Russia's Sputnik V and Johnson & Johnson (NYSE:JNJ)'s one-dose candidate rely on so-called adenoviruses to transport coronavirus DNA.

Gates Foundation money will support more pre-clinical tests ahead of a overseas safety trial in a still-undisclosed location where vaccines are not broadly available, Vandenberghe, who runs Mass General Brigham hospital's Grousbeck Gene Therapy Center in Boston, said.

Though previously unused in approved vaccines, he is optimistic AAVs will be safe, since only tiny amounts are needed compared to what is required for gene therapies that have been given to many patients.

While he predicts every approved COVID-19 vaccine dose available through 2022 will see use, Vandenberghe acknowledged his group's success also hinges on finding a deep-pocketed partner with vaccine experience to bankroll large-scale production.

© Reuters. Vial, sryinge and small toy figures are seen in front of displayed U.S. flag

"We've already invested more than $10 million," he said. "If indeed we want to meet the time lines we were just talking about, this needs a commercial larger vaccine player to be accelerated, like an AstraZeneca for Oxford's."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.