FAST FIVE: WHO Names Virus 'COVID-19', Warns "Must Do Everything Now… Vaccine Will Take 18 Months"
Vaccine Will Take 18 Months” Update (Feb.
Then Sky News reported last Wednesday that a team of scientists from Imperial College London had found a breakthrough vaccine.
“There are no known effective therapeutics against this 2019-nCoV and WHO recommends enrollment into a randomized controlled trial to test efficacy and safety,” WHO said in a statement last week.
– TraderStef (@TraderStef) February 11, 2020 Will 18 months be too long to wait for a functioning vaccine.
It appears “trade optimism” to save the stock market has turned to “coronavirus cure optimism.” The CEO of Novartis added some color on timelines of a potential vaccine for the deadly virus, which has infected over 6,000 people, with 132 deaths across China. Vas Narasimhan, CEO of Novartis, told CNBC on Wednesday that it could take upwards of one year to find a new vaccine, which he called the outbreak across the world “very serious.” “The reality is, it will take over a year in my expectation to really find a new vaccine for this so, we need to really use epidemiological controls to really get this situation in a better place,” Narasimhan told CNBC's Julianna Tatelbaum. Already, scientists in Australia have attempted to create a lab-grown version of coronavirus, and it could be studied to develop virus detection tests and vaccines eventually, Reuters reported. Investors appear less optimistic about the Trump administration's short timeline of the creation of a new vaccine and are listening to experts, like Narasimhan, who gives a rather gloomy view that the world could be without a proven vaccine for one year while the virus spreads across the globe. We noted on Tuesday how a commercially available vaccine for the virus could “take months” to develop, but here's the catch: it would take over a year to test on animals before the drug was fit for humans.