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Moderna: COVID vaccine shows nearly 95% protection

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A new vaccine that protects against Covid-19 is nearly 95% effective, early data from US company Moderna shows.

The results come hot on the heels of similar results from Pfizer, and add to growing confidence that vaccines can help end the pandemic.

Both companies used a highly innovative and experimental approach to designing their vaccines.

Moderna says it is a “great day” and they plan to apply for approval to use the vaccine in the next few weeks.

However, this is still early data and key questions remain unanswered.

How good is it?

The trial involved 30,000 people in the US with half being given two doses of the vaccine, four weeks apart. The rest had dummy injections.

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The analysis was based on the first 95 to develop Covid-19 symptoms.

Only five of the Covid cases were in people given the vaccine, 90 were in those given the dummy treatment. The company says the vaccine is protecting 94.5%.

The data also shows there were 11 cases of severe Covid in the trial, but none happened in people who were immunised.

“The overall effectiveness has been remarkable… it’s a great day,” Tal Zaks, the chief medical officer at Moderna, told BBC News.

What don’t we know?

We still do not know how long immunity will last as volunteers will have to be followed for much longer before that can be answered.

There is also no data on how well it works in older age groups, who are most at risk of dying from Covid.

However, Mr Zaks told the BBC their data so far suggests the vaccine “does not appear to lose its potency” with age.

And it is not known whether the vaccine just stops people becoming severely ill, or if it stops them spreading the virus too.

All these questions will affect how a coronavirus vaccine is used.

Is it safe?

No significant safety concerns have been reported, but nothing, including paracetamol, is 100% safe.

Short lived fatigue, headache and pain were reported after the injection in some patients.

“These effects are what we would expect with a vaccine that is working and inducing a good immune response,” said Prof Peter Openshaw, from Imperial College London.

How does this compare to the Pfizer vaccine?

Both vaccines use the same approach of injecting part of the virus’s genetic code in order to provoke an immune response.

The preliminary data we have seen so far is very similar – around 90% protection for the Pfizer vaccine and around 95% for Moderna’s.

However, both trials are still taking place and the final numbers could change.

Moderna’s vaccine appears to be easier to store as it remains stable at minus 20C for up to six months and can be kept in a standard fridge for up to a month.

Pfizer’s vaccine needs ultra-cold storage at around minus 75C, but it can be kept in the fridge for five days.

The Sputnik V vaccine, developed in Russian, has also released very early data which suggests it is 92% effective.

When will I get it?

That depends on where you are in the world and how old you are.

Moderna says it will apply to regulators in the US in the coming weeks. It expects to have 20 million doses available in the country.

The company hopes to have up to one billion doses available for use around the world next year and is planning to seek approval in other countries too.

The UK government is still negotiating with Moderna as their vaccine is not one of the six it has already pre-ordered.

The UK has outlined plans that prioritise the oldest people for immunisation.

How does it work?

Moderna has developed an “RNA vaccine” – it means part of the coronavirus’s genetic code is injected into the body.

This starts making viral proteins, but not the whole virus, which is enough to train the immune system to attack.

It should train the body to make both antibodies – and another part of the immune system called T-cells to fight the coronavirus.

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]