The University of Oxford plans to test its Covid-19 vaccine on children as young as six.
Organisers of the trial, which was announced on Saturday, seeks to recruit 300 volunteers aged between six and 17.
It is the latest vaccine developer to assess whether its Covid-19 inoculation is effective in young people.
Andrew Pollard, chief researcher on the Oxford vaccine trial, said that while most children with Covid-19 do not become severely ill, “it is important to establish the safety and immune response to the vaccine in children and young people as some children may benefit from vaccination”.
The study will take place at three English cities, London, Southampton and Bristol, and assess its safety and the immune responses in children.
Investigators will test the shot on youngsters aged 12 to 17 first before moving to the younger age group, with initial data expected by summer.
The study will look at two dosing stages one month and three months apart, Mr Pollard said.
“We planned to conduct child trials from the beginning to make sure that we had the greatest opportunity for access across all ages to the vaccine,” Mr Pollard said.
“I’m absolutely delighted that today we’re launching the paediatric trials after this long road that we’ve been on.”
Regulators in more than 50 countries have authorised widespread use of the Oxford vaccine, which is being produced and distributed by AstraZeneca, for use in people over the age of 18.
Other drug companies are also testing the Covid-19 vaccines in children.
In October, Pfizer-BioNTech’s vaccine which has already been authorised for use in people aged 16 and older, was tested on children as young as 12.
Two months later, Moderna began testing its vaccine on children aged 12 and up.
Mr Pollard said the Oxford trial should help policymakers decide whether at some point in the future they want to extend mass inoculation programmes to children, to improve safety in schools and combat the spread of the virus in the wider population.
“For most children, for themselves, Covid-19 is really not a big problem,” he said.
“However, it is certainly possible that wider use to try and curb the progress of the pandemic might be considered in the future, so here we’re just trying to establish the data that would support that if, indeed, policymakers wanted to go in that direction.”
The two-dose Oxford-AstraZeneca shot was hailed as a “vaccine for the world” because it is cheaper and easier to distribute than some rivals.
AstraZeneca has a target of producing three billion doses this year and aims to produce more than 200 million doses per month by April.
Last week, a World Health Organisation panel recommended the Oxford-AstraZeneca vaccine for anyone over 18 years of age.
The ruling came after some European countries, including France, Germany and Denmark, approved the vaccine for use only in the under-65 age group, with those nations citing a lack of data on safety for older people.
On Saturday, UK ministers urged people in the top four priority groups to be vaccinated in a bid to meet its target of 15 million people having the first dose by Monday.
It came as Health Secretary Matt Hancock said the UK could live with Covid-19 “like we do with flu”.
"I hope that Covid-19 will become a treatable disease by the end of the year," he told the Daily Telegraph.
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.”
Fixtures
Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am
Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am
Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am
Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight
Charlotte Gainsbourg
Rest
(Because Music)
JOKE'S%20ON%20YOU
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A
Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
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