French company Sanofi is taking part in the global race for vaccines against the coronavirus. AFP
French company Sanofi is taking part in the global race for vaccines against the coronavirus. AFP
French company Sanofi is taking part in the global race for vaccines against the coronavirus. AFP
French company Sanofi is taking part in the global race for vaccines against the coronavirus. AFP

Sanofi-GSK Covid vaccine shows promising results in trials


Tim Stickings
  • English
  • Arabic

A French vaccine could join the world’s arsenal against Covid-19 after a shot developed by France’s Sanofi and Britain’s GSK showed promising results in trials.

France's national pride was wounded when previous trials by Sanofi and the Pasteur Institute showed disappointing results that led to the vaccines being shelved.

But the latest results from Sanofi and GSK showed 95 to 100 per cent of patients developing antibodies in a Phase II trial.

It paves the way for a Phase III trial of the vaccine, which could be available by the end of the year if it is found to be effective.

“Our Phase II data confirm the potential of this vaccine to play a role in addressing this ongoing public health crisis,” said Sanofi’s global head Thomas Triomphe.

The experimental vaccine uses the same technology as one of Sanofi’s seasonal flu vaccines.

After early results in December showed a low immune response in adults, the drug makers said they needed to alter the concentration of the shot.

A second attempt began in February, with 722 people from the US and Honduras involved in the Phase II trial.

Aged 18 to 95, the volunteers were given two doses 21 days apart in a trial which raised no safety concerns among scientists.

Phase III will enrol more than 35,000 people, with trials expected to start in May or June.

They will assess the shot’s effectiveness against the original variant found in Wuhan and the strain identified in South Africa.

Sanofi and GSK will also test the product’s potential use as a booster dose for people who have already been vaccinated.

Several countries are preparing to give out booster shots between six and 12 months after people were vaccinated.

“We believe that this vaccine candidate can make a significant contribution to the ongoing fight against Covid-19,” said GSK president Roger Connor.

The vaccine candidate “will move to Phase III as soon as possible to meet our goal of making it available before the end of the year,” he said.

Sanofi hopes to compete on price by offering its vaccine for $12 per shot or less.

The French firm has purchasing agreements with the US, EU, Britain and Canada, as well as the global Covax scheme.

It is developing a second vaccine with US firm Translate Bio, using the same messenger RNA technology as Pfizer and Moderna.

Sanofi could join global arsenal of Covid vaccines

European Commission chief Ursula von der Leyen identified the Sanofi/GSK vaccine last month as a part of the bloc’s future purchasing strategy.

The EU was embroiled in a months-long struggle to get supplies of vaccines made in the UK and US, such as the Pfizer, Moderna and AstraZeneca shots.

Sanofi's early disappointment was followed by another French failure as the Pasteur institute announced in January that it was abandoning a shot.

The two setbacks left France conspicuously absent among global vaccine developers after successes for Britain, Germany, Russia, China and the US.

It led to widespread dismay in the country of Louis Pasteur, the pioneering scientist who invented the rabies and anthrax vaccines.

“It's a sign of the decline of the country and this decline is unacceptable,” French politician Francois Bayrou said at the time.

Four vaccines – from Pfizer, Moderna, AstraZeneca and Johnson & Johnson – are currently in use in the EU.

EU regulators are also considering whether to approve the Russian-made Sputnik V shot, which is already in use in Hungary.

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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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

COMPANY%20PROFILE
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Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

MATCH INFO

Uefa Champions League last-16, second leg:

Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')

Ajax win 5-3 on aggregate

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used