Dr Jamal Al Kaabi, undersecretary of the Department of Health – Abu Dhabi, said the new drug would further equip the emirate to protect its population. Photo: Victor Besa / The National
Dr Jamal Al Kaabi, undersecretary of the Department of Health – Abu Dhabi, said the new drug would further equip the emirate to protect its population. Photo: Victor Besa / The National
Dr Jamal Al Kaabi, undersecretary of the Department of Health – Abu Dhabi, said the new drug would further equip the emirate to protect its population. Photo: Victor Besa / The National
Dr Jamal Al Kaabi, undersecretary of the Department of Health – Abu Dhabi, said the new drug would further equip the emirate to protect its population. Photo: Victor Besa / The National

Abu Dhabi acquires new antibody treatment to fight Covid-19


Rory Reynolds
  • English
  • Arabic

A new therapy that helps the body fight off Covid-19 will be available for use in Abu Dhabi following a deal between health authorities and Swiss drug maker Roche.

The monoclonal antibody cocktail of casirivimab and imdevimab - known as Regen-Cov in some markets – has been given to people with Covid-19 who are likely to develop severe symptoms.

“Today, we have taken a significant step towards improving healthcare services in Abu Dhabi," said Dr Jamal Al Kaabi, undersecretary of the Department of Health – Abu Dhabi.

The deal will help efforts to "build a robust life science hub and spearhead the latest advancements for Covid-19 prevention and treatment", he said.

Roche has told US regulators the therapy can also be given to non-patients to protect them from potential coronavirus infection, including people with health conditions and those who are not fully vaccinated.

The US Food and Drug Administration approved Regen-Cov for emergency use in August but stressed it was "not a substitute for vaccination against Covid-19".

The Abu Dhabi and Roche deal will lead to further "real-world evidence generation" and research, authorities said, and is the latest step in helping the capital to build its life science industry.

The agreement further expands the arsenal of treatments that can be given to patients with mild, moderate and severe Covid-19 symptoms.

The anti-viral drug sotrovimab has been given to thousands of patients in the emirate. Early results showed that 97 per cent of recipients fully recovered within 14 days.

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    A sign points the way to a Covid-19 test centre at Schiphol Airport in the Netherlands. AFP
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    Australian Health Minister Greg Hunt at a press conference at Parliament House in Canberra. Two cases of the recently discovered Omicron variant were detected in New South Wales. EPA
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    A stroll, with face masks, in Biarritz, south-western France. French Health Minister Olivier Veran said France had no confirmed cases of the Omicron variant and was not changing its strategy of increasing vaccinations and booster shots. AP
  • British Prime Minister Boris Johnson and Chief Medical Officer Chris Whitty during a press conference on the variant in London. Reuters
    British Prime Minister Boris Johnson and Chief Medical Officer Chris Whitty during a press conference on the variant in London. Reuters

Jump starting the immune system

A study by Roche partner Regeneron said the cocktail cut the risk of getting covid-19 by 82 per cent for up to eight months. It is part of a new generation of therapies that "jump-start" the immune system’s fight against the virus.

Jointly run with the National Institute of Allergy and Infectious Diseases, the study enrolled people who lived in a household with someone diagnosed with Covid within the previous four days.

Earlier results from the trial showed the treatment cut the risk of infection by 81 per cent within the first month, Bloomberg reported earlier this month. The new data shows the protection was maintained, with an 82 per cent reduction in symptomatic infections for as long as eight months after the therapy was administered.

During the study, none of the people in the treatment group were admitted to hospital due to Covid, compared with six people in the placebo group. No deaths stemming from Covid infection occurred in either group.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Updated: November 29, 2021, 6:25 AM