Russian Federation plans to approve world's first COVID-19 vaccine by Aug 10

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The average consumer desperate to return to some sort of normalcy may not be thinking about how much an effective COVID-19 vaccine is going to cost, but investors in Moderna and other front-runners in this race-and their critics-most definitely are.

There are some concerns with this vaccine, since as per reports Russian Federation is still to complete their second phase and is already looking at launching the vaccine.

Last week, Oxford University announced the satisfactory progress with the vaccine, making it one of the leading ones among the dozens of vaccine candidates being developed around the world.

Frontline health care workers will be first in line to receive the shot. "This vaccine is targeted agains those spikes". That's the approach being taken in many other countries and by other companies.

Phase III human clinical trials may start in India by August and it may be launched by November.

He also warned that the final vaccine could need to be administered severally given that they were still in the early stages of development.

Russia's defence ministry says that Russian soldiers served as volunteers in human trials.

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Official case numbers rose to 273,788 on Sunday, with 14,188 deaths, Health Ministry spokeswoman Sima Sadat Lari said. He also disclosed that more than 200,000 patients have been hospitalized since February and almost 14,000 have died.

The Center's director Alexander Ginsburg said earlier that it was planned to finish the second phase of vaccine tests before July 28.

The scientists' findings were presented Thursday by Rospotrebnadzor, Russia's consumer protection and human wellbeing watchdog. Pfizer's vaccine is different, but also uses an experimental approach that employs genetic material to stimulate an immune response against a key part of the coronavirus.

The EU executive also said at the meeting that it had approached vaccine makers about whether additional doses of influenza vaccine were available, according to the document.

"Critics say the country's push for a vaccine comes amid political pressure from the Kremlin, which is keen to portray Russian Federation as a global scientific force", notes the report.

"(Regulatory) approval will be in the first two weeks of August", the development source said.

According to the World Health Organization protocols, a vaccine has to go through three phases of studies to be approved for large-scale production.

The testing procedure will follow guidelines for clinical trials of vaccines set by the U.S. Food and Drugs Administration and will be conducted in "nearly 100" research locations in the country, according to Moderna. Russian officials have denied the claims, and AstraZeneca said there's no evidence it's been hit. "Equitable distribution of the vaccine would be important and the emergence of vaccine nationalism, where the country that manufactures provides it only for its citizens was a worrisome issue", he said.

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