Prof Jonathan Heeney is leading a project to develop a vaccine to protect against future coronavirus pandemics. Photo: Nick Saffell/University of Cambridge
Prof Jonathan Heeney is leading a project to develop a vaccine to protect against future coronavirus pandemics. Photo: Nick Saffell/University of Cambridge
Prof Jonathan Heeney is leading a project to develop a vaccine to protect against future coronavirus pandemics. Photo: Nick Saffell/University of Cambridge
Prof Jonathan Heeney is leading a project to develop a vaccine to protect against future coronavirus pandemics. Photo: Nick Saffell/University of Cambridge

UK funds £32m project by Cambridge scientist to develop 'future-proofed' Covid-19 vaccine


Nicky Harley
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The UK is funding a £32 million project at Cambridge University to develop 'future-proofed' Covid-19 vaccines.

It is hoped the research will provide protection against existing and future variants of the Sars-CoV-2, the virus that causes Covid-19, as well as other major coronaviruses, including those that cause Sars and Mers.

The initiative will be run by DIOSynVax, a biotech arm of the University of Cambridge, led by Prof Jonathan Heeney, head of the university's Laboratory of Viral Zoonotics, and will see them design and select the lead antigen through preclinical studies. The scientists will also undertake initial clinical developments.

DIOSynVax uses the combination of protein structure, computational biology and immune-optimisation to maximise the protection that vaccines can provide against global threats including existing and future virus outbreaks.

The investment from the Coalition for Epidemic Preparedness Innovations (CEPI) will support the development of the vaccine.

If DIOSynVax’s novel antigen design is successfully deployed, it could potentially be used to enable rapid development of vaccines against unknown pathogens with pandemic potential that have yet to emerge.

"We are excited to be working with CEPI on its ground-breaking mission to leverage revolutionary science and technology to outmanoeuvre and minimise future pandemic threats," Prof Heeney said.

"Our approach is to be ahead of the next pandemic — to deliver custom-designed, immune-selected vaccine antigens — which is ideal to prevent diseases caused by complex viruses such as the large and diverse family of coronaviruses.

"If successful, it will result in a safe, affordable NextGen vaccine for widespread use.”

CEPI, DIOSynVax and the University of Cambridge have committed to enabling global equitable access to the vaccines developed through their partnership.

Under the terms of the funding agreement, DIOSynVax has committed to achieving equitable access to the outputs of the project.

“The UK government and the country’s world-leading scientific institutions have been pivotal to the global response to Covid-19," said Dr Richard Hatchett, chief executive of CEPI.

"From the development of the CEPI-supported Oxford/AstraZeneca vaccine — which is used in more countries than any other — to the ground-breaking Recovery trial to evaluate life-saving treatments like dexamethasone, British science has played a leading role in protecting the world from Covid-19.

“I am excited to further strengthen CEPI’s strong ties to British science through this partnership with DIOSynVax, Cambridge, to develop a vaccine with the potential to protect against variants of Sars-CoV-2 and other Betacoronaviruses in the future.

"Coronaviruses have now proven their pandemic potential, so it’s imperative for global health security that we invest in research and development now to future-proof the world against the threat of coronaviruses.”

The announcement has come as the UK is experiencing a sharp rise in Covid-19 cases.

Last week 2.6 million people were estimated to have coronavirus, up from 2.4 million the week before, said the Office for National Statistics data.

About one in 26 of the UK population currently has Covid-19.

The Bio

Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”

Holiday destination: “I like Paris very much, it’s a city very close to my heart.”

Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”

Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”

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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
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What are the regulations?
  • Fly it within visual line of sight
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  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
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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.”

The specs: 2018 Jaguar F-Type Convertible

Price, base / as tested: Dh283,080 / Dh318,465

Engine: 2.0-litre inline four-cylinder

Transmission: Eight-speed automatic

Power: 295hp @ 5,500rpm

Torque: 400Nm @ 1,500rpm

Fuel economy, combined: 7.2L / 100km

Updated: March 14, 2022, 1:13 PM