Health officials in the UK licensed Tpoxx earlier this year based on results from initial studies in animals. Reuters
Health officials in the UK licensed Tpoxx earlier this year based on results from initial studies in animals. Reuters
Health officials in the UK licensed Tpoxx earlier this year based on results from initial studies in animals. Reuters
Health officials in the UK licensed Tpoxx earlier this year based on results from initial studies in animals. Reuters

First clinical trials of monkeypox treatment Tpoxx start in UK


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The first clinical trials of the Tpoxx monkeypox treatment have started in the UK

Academics from the University of Oxford who were behind the Covid Recovery trial have launched the Platinum trial to assess whether an antiviral drug can alleviate monkeypox symptoms.

The researchers are hoping to recruit 500 people from around the UK to join the trial to test whether Tecovirimat ― also known as Tpoxx ― can help reduce the amount of time people are sick.

The drug, which was created to treat smallpox, works by preventing the virus from leaving the infected cell, which stops the replication of the virus within the body.

Health officials in the UK licensed the drug earlier this year based on results from initial studies in animals and safety evidence from human volunteers.

It is currently offered to patients with severe complications who are being treated in hospital.

But to date there have been no clinical trials to confirm whether Tpoxx can help monkeypox patients recover from the disease.

The Platinum trial will be the first randomised controlled trial of a treatment for monkeypox in humans in the world.

This means that half of the participants — who will have a confirmed diagnosis of monkeypox but not in such a serious condition that they need hospital care — will be given Tpoxx, while the other half will be given a placebo.

Most patients with monkeypox will be eligible to enrol on the trial which will involve them taking the medication, or the placebo, twice a day for 14 days.

They will be followed up for a month to assess whether taking the drug reduces symptoms — including the length of time people have painful skin lesions — or whether it could reduce the amount of time people stay in isolation.

Researchers will also examine whether the drugs can reduce the amount of time people test positive for the virus.

While vaccines developed for smallpox may reduce the risk of catching monkeypox, there are currently no proven therapeutics to speed recovery in those who develop the disease.

The study, commissioned and funded by the National Institute for Health and Care Research, recruited its first participant on Friday.

Sir Peter Horby, professor of emerging infections and global health at the University of Oxford, said monkeypox is a "distressing and sometimes dangerous infection".

"For the benefit of current and future patients worldwide who have been diagnosed with monkeypox, we need definitive evidence that Tecovirimat is safe and effective," he said.

"Although the early data on Tecovirimat are promising, only a randomised clinical trial will provide the level of evidence we need to treat patients with confidence. Platinum will provide that evidence."

Vaccines first line of defence

While Tpoxx is seen as a valuable addition to the anti-monkeypox ordnance, the UK government considers the treatment as being adjunctive to vaccines.

On Monday, the UK Health Security Agency launched a pilot programme offering eligible patients smaller doses of the vaccine amid global shortages of the shot.

"Vaccines remain our best defence against the spread of monkeypox — we urge all those eligible to come forward when contacted, and report any symptoms," said Public Health Minister Maggie Throup.

Since the start of the outbreak there have been more than 3,000 UK cases, with most of these detected in England.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: August 24, 2022, 1:10 PM