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.”
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
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UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
ENGLAND SQUAD
Joe Root (c), Moeen Ali, Jimmy Anderson, Jonny Bairstow, Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Ollie Pope, Adil Rashid, Ben Stokes, James Vince, Chris Woakes
more from Janine di Giovanni
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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.”
Blonde
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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.
Sri Lanka World Cup squad
Dimuth Karunaratne (c), Lasith Malinga, Angelo Mathews, Thisara Perera, Kusal Perera, Dhananjaya de Silva, Kusal Mendis, Isuru Udana, Milinda Siriwardana, Avishka Fernando, Jeevan Mendis, Lahiru Thirimanne, Jeffrey Vandersay, Nuwan Pradeep, Suranga Lakmal.
KILLING OF QASSEM SULEIMANI
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Fixtures
Wednesday January 8 –Oman v Namibia
Thursday January 9 – Oman v UAE
Saturday January 11 – UAE v Namibia
Sunday January 12 – Oman v Namibia
The%20specs
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Company%20Profile
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Cricket World Cup League Two
Teams
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
Fixtures
Saturday January 11 - UAE v Oman
Sunday January 12 – Oman v Namibia
VERSTAPPEN'S FIRSTS
Youngest F1 driver (17 years 3 days Japan 2014)
Youngest driver to start an F1 race (17 years 166 days – Australia 2015)
Youngest F1 driver to score points (17 years 180 days - Malaysia 2015)
Youngest driver to lead an F1 race (18 years 228 days – Spain 2016)
Youngest driver to set an F1 fastest lap (19 years 44 days – Brazil 2016)
Youngest on F1 podium finish (18 years 228 days – Spain 2016)
Youngest F1 winner (18 years 228 days – Spain 2016)
Youngest multiple F1 race winner (Mexico 2017/18)
Youngest F1 driver to win the same race (Mexico 2017/18)
SPECS
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Race card
6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) US$100,000 (Dirt) 2,000m
7.05pm: Meydan Classic Listed (TB) $175,000 (Turf) 1,600m
7.40pm: Handicap (TB) $135,000 (T) 2,000m
8.15pm: Handicap (TB) $135,000 (D) 1,600m
8.50pm: Nad Al Sheba Trophy Group 2 (TB) $300,000 (T) 2,810m
9.25pm: Curlin Stakes Listed (TB) $175,000 (D) 2,000m
10pm: Handicap (TB) $135,000 (T) 2,000m
10.35pm: Handicap (TB) $175,000 (T) 1,400m
The National selections
6.30pm: Shahm, 7.05pm: Well Of Wisdom, 7.40pm: Lucius Tiberius, 8.15pm: Captain Von Trapp, 8.50pm: Secret Advisor, 9.25pm: George Villiers, 10pm: American Graffiti, 10.35pm: On The Warpath