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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

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    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

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    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

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    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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Covid-19: Moderna Moves To Produce Vaccine For Omicron Variant Early 2022

by Eucharia Egwuma
November 29, 2021
in Covid-19 News, Headlines
Reading Time: 2 mins read
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Covid-19: Moderna Moves To Produce Vaccine For Omicron Variant Early 2022
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The Chief Medical Officer (CMO) of Moderna, Paul Burton has disclosed that the vaccine maker could roll out a reformulated vaccine against the new Omicron variant early next year (2022).

The Omicron variant of the coronavirus which was discovered last week, initially in Southern Africa has now begun to spread to other parts of the world including North America and the concern over this new variant has resulted in border controls and market crashes as well as other market reactions.

During the statement on Sunday, there were no indications of whether new formulations will be needed, or if the current Covid vaccine shots will be effective to protect against the new variant that has begun to spread around the globe.

The CMO of Moderna said, “We should know about the ability of the current vaccine to provide protection in the next couple of weeks, but the remarkable thing about the MRNA vaccines, Moderna platform is that we can move very fast”.

“If we have to make a brand new vaccine, I think that’s going to be early 2022 before that’s really going to be available in large quantities,” he added.

The drug company disclosed in a statement that hundreds of workers have been mobilized starting early Thursday morning, on Thanksgiving, to start studying the new variant.

According to Burton, current vaccines could provide some protection, depending on how long ago a person was injected. Despite this, unvaccinated people should get vaccinated or receive their booster shots, if eligible, he said.

It is not clear if the drugmaker would need to make brand new vaccines to fight against the new Omicron variant, however, if it turns out to be necessary, more funding would be required.

It is unclear what the cost of making a new vaccine would be but the company, Moderna, could be needing funds from the U.S government to achieve this. As at April 2021, the United States government had paid Moderna $6 billion for vaccine effort so far.

The Omicron has been classified as a “variant of concern” by the World Health Organization, meaning it is more contagious, more virulent or more skilled at evading public health measures, vaccines and therapeutics. The variant contains 30 mutations to the spike protein that allows the virus to enter the body. Officials have warned that many of these mutations could lead to increased antibody resistance and transmissibility, which could limit the effectiveness of existing Covid vaccines.

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