$1m for Covax-19 vaccine work

By : Krishna Anindyo | Thursday, September 03 2020 - 16:05 IWST

Vaccine Covax-19
Vaccine Covax-19

INDUSTRY.co.id - The Australian Government is backing efforts by vaccination biotech company Vaxine Pty Ltd to find an effective vaccination for COVID-19.

The $1 million grant is one of 13 early stage biomedical projects to receive funding through the Federal Government’s Biomedical Translation Bridge (BTB) program, part of Australia’s landmark Medical Research Future Fund.

“Thanks to our unique ability to run computer simulations on the virus before it is even fully characterised, we were able to dramatically speed up the ability to design our Covax-19 vaccine," says Flinders University Professor Nikolai Petrovsky, Research Director of Vaxine.

The Vaxine research team used this computer modelling on the virus spike protein to rapidly design a synthetic COVID-19 vaccine.

“The vaccine based on the synthetic spike protein was then manufactured in insect cell cultures before being combined with our Vaxine Advax adjuvant, which is used to turbocharge the vaccine and make it more effective,” Professor Petrvosky says.

The Vaxine team was able to design, manufacture and advance Covax-19® into human trials in under five months in a process that normally would take up to 15 years, he says.

“The next step will be to undertake a large international Phase 3 clinical trial to confirm its ability to protect against COVID-19 infection ahead of possible commercial sales.”

As well as further development of the Covax-19 vaccine candidate in South Australia, the $10.4 million Federal Government funding rounds will assist other projects including a new treatment for respiratory complications of COVID-19, a preventive nasal spray, and a rapid response test to predict how severely the disease will progress.

Industry partners have contributed a further $28 million to the 13 projects, leading to a total $38.4 million of new investment in the biomedical sector. The BTB is a four year $22.3 million MRFF program, operated by MTPConnect.

News Comment

Today's Industry

Minister of Finance Sri Mulyani Indrawati (Photo by PR of Cabinet Secretariat)

Senin, 21 Juni 2021 - 22:37 WIB

Finance Minister Pushes for Speeding Up Regional Fund Usage

Realization of funds transferred to the regions for COVID-19 management needs to be accelerated, Minister of Finance Sri Mulyani Indrawati has said.

vaccine arrives at Soekarno Hatta International Airport in Tangerang, Banten

Senin, 21 Juni 2021 - 21:40 WIB

10 Million Sinovac COVID-19 Vaccine Bulks Arrive in Indonesia

As many as 10 million Sinovac-manufactured COVID-19 vaccines in the form of raw material or bulk Sunday (20/06) arrived at Soekarno-Hatta airport in Tangerang city, Banten province.

President Jokowi inspects mass COVIID-19 vaccination at Bogor Railway Station, Thursday, (17/06). Photo by: BPMI of Presidential Secretariat.

Senin, 21 Juni 2021 - 20:30 WIB

Minister Orders KAI to Provide COVID-19 Random Tests at Commuter Line Stations

Minister of Transportation Budi Karya Sumadi has ordered state railway company PT KAI to provide COVID-19 random tests for passengers of Greater Jakarta commuter line (KRL Jabodetabek).

Vice President Ma’ruf Amin. (Photo by: Vice President’s Secretariat)

Senin, 21 Juni 2021 - 19:23 WIB

VP Ma’ruf Amin: 40% of Gov’t Goods, Services to be Procured from Local MSMEs

The Government continues to promote the use of domestic products through allocation of Micro, Small, and Medium-sized Enterprises (MSMEs) products of at least 40 percent for the Government’s…

Vice President Ma’ruf Amin during Closing of National Conference on Public Security and Defense System, at Sentul, West Java province, Friday (18/6). (Photo: Vice President Secretariat)

Minggu, 20 Juni 2021 - 19:24 WIB

VP Calls for Increased Role of Security, Defense System Amid Global Challenges

The role of security and defense system should be strengthened to protect the entire nation, state and all citizens in facing the increasing global challenges, Vice President Ma’ruf Amin has…