Pfizer to train 150 medical research scientists in Abu Dhabi


Nick Webster
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US pharmaceutical company Pfizer will train and support 150 Abu Dhabi scientists to conduct clinical research at the level required by multinational companies to produce effective medicines.

Patrick van der Loo, regional president of Pfizer Africa and the Middle East, said at an online conference on Tuesday that the programme will allow more access to clinical trials, and will be similar to what the company has done in Saudi Arabia.

“This ambition of health care as a key pillar of diversification of the economy is something we are seeing across the Gulf and elsewhere,” he said.

“Rather than just do one-off programmes or trials, we are better off providing structural collaborative support for the government of Abu Dhabi and its networks to provide more trials.

“We are in the process of rolling out many more early-stage trials here.”

In one year we have gained an experience usually gained in 10 years
Yasser El Dershaby,
Pfizer

From March 2022, experts will conduct remote training courses from Pfizer Clinical research units in Belgium, the US and Singapore.

Further training will take place at the company's research academy, academic institutions and with other specialised partners.

Participants will receive training in technologies and artificial intelligence tools that accelerate the drug discovery process, with trainees allocated a specific cohort with training based on their research role and expertise.

The pharma giant also pledged better mRNA flu vaccines and a new migraine drug at the conference.

Regional officers of the drug manufacturer behind the Pfizer-BioNTech Covid-19 vaccine and antiviral treatment Paxlovid said new technology in vaccine production had created a new era for global pharmaceuticals.

They said new messenger ribonucleic acid (mRNA) technology that helped create Covid vaccines will be helpful in inoculating the masses from flu.

mRNA flu vaccine may be the next big thing

Pfizer’s collaboration with German biotechnology company BioNTech aims to create a better flu shot by speeding up manufacturing and removing the guesswork from annual vaccine programmes.

A key development resulting from the rapid research and real-world trials generated during the pandemic has been a broader acceptance of mRNA vaccines, leading pharmaceutical experts say.

Once viewed with scepticism at the onset of Covid-19, the mRNA vaccines that teach cells how to trigger an immune response to fight infection are now considered vital to future vaccine development.

That is most apparent in future flu vaccines, usually developed each year to fight emerging new variants that mutate over the summer months.

Under previous methods, scientists would try to predict which flu virus would become dominant each winter, dependent on viral surveillance data.

A production time of around six months would often lead to vaccine selections being a poor match for a mutated flu virus, offering just 60 per cent protection in a good year.

That could change using mRNA technology.

Scientists would no longer require live cells to develop new vaccines, instead they would study genes of current viral strains to then synthetically produce the corresponding RNA.

That can then be injected to stimulate an immune response.

“At the start of Covid, many people had concerns over the safety and efficacy of mRNA technology in vaccines, but now we know it can hugely support other diseases,” said Pfizer’s medical lead in Africa and the Middle East, Yasser El Dershaby.

“We have partnered with others including BioNTech to develop new vaccines and have started clinical trials on the first influenza vaccine that will be a single dose using mRNA.

“We are also working on an Omicron-specific vaccine and another that is bivalent so it can work against two or more variants of Covid.”

The officials did not give a time frame as to when these vaccines will be available in the market.

New migraine treatment

Pfizer’s first gene-related peptide receptor antagonist to treat and prevent migraine is due to be launched in May, Mr Dershaby said.

Rimegepant will soon be available for adults experiencing at least four migraine attacks a month after the drug was backed by the European Medicines Agency in February.

A new range of cancer treatments is also likely in the near future, thanks to developments in clinical research.

Pfizer has 11 medications used in the Mena region to treat different types of cancers, but 15-20 more are under development for breast, lung and colorectal cancer, among others.

Gene therapy to treat haemophilia and certain types of neural muscular disorders are also under development by the company.

“In one year we have gained an experience usually gained in 10 years,” said Mr Dershaby.

“We want to develop more real-world evidence so we know what works on our population here with more studies and building infrastructure to enhance research capabilities.

“That means training more junior researchers to conduct good clinical trials with good practice guidelines who are certified and well-trained.”

DSC Eagles 23 Dubai Hurricanes 36

Eagles
Tries: Bright, O’Driscoll
Cons: Carey 2
Pens: Carey 3

Hurricanes
Tries: Knight 2, Lewis, Finck, Powell, Perry
Cons: Powell 3

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.”

UAE currency: the story behind the money in your pockets
What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

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Brief scoreline:

Manchester United 0

Manchester City 2

Bernardo Silva 54', Sane 66'

The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke

If you go

Flights

Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.

The stay

Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

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25-MAN SQUAD

Goalkeepers: Francis Uzoho, Ikechukwu Ezenwa, Daniel Akpeyi
Defenders: Olaoluwa Aina, Abdullahi Shehu, Chidozie Awaziem, William Ekong, Leon Balogun, Kenneth Omeruo, Jamilu Collins, Semi Ajayi 
Midfielders: John Obi Mikel, Wilfred Ndidi, Oghenekaro Etebo, John Ogu
Forwards: Ahmed Musa, Victor Osimhen, Moses Simon, Henry Onyekuru, Odion Ighalo, Alexander Iwobi, Samuel Kalu, Paul Onuachu, Kelechi Iheanacho, Samuel Chukwueze 

On Standby: Theophilus Afelokhai, Bryan Idowu, Ikouwem Utin, Mikel Agu, Junior Ajayi, Valentine Ozornwafor

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Updated: March 03, 2022, 5:32 AM