Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

UPDATE 3-Israel authorises use of Moderna's COVID-19 vaccine

Published 2021-01-05, 05:24 a/m

(Adds minister's comments, Israel expected to tighten lockdown)

JERUSALEM, Jan 5 (Reuters) - Israel's health ministry has authorised a COVID-19 vaccine developed by U.S. drugmaker Moderna Inc MRNA.O , the company and an Israeli official said, marking the vaccine's third regulatory authorisation and the first outside North America.

"Ministry of Health of Israel has secured 6 million doses and first deliveries (are) expected to begin in January," Moderna said in a statement on Monday. Health Minister Yuli Edelstein said he had no knowledge of shipments arriving this month.

"To my regret, we will likely only see the company's shipment in two months," Edelstein told reporters. "As soon as the vaccines arrive we will use them happily and if the company wants to move the arrival forward we will be happy to receive notification."

The director-general of Israel's health ministry, Hezi Levy, confirmed the import agreement. Interviewed by radio station 103FM, he declined to give details of the size of the shipment and said the date of its arrival was under discussion.

Moderna has received authorisation for its COVID-19 vaccine in the United States and Canada and additional authorisations are under review in the European Union, Singapore, Switzerland and Britain.

Israel has begun to vaccinate its population at one of the quickest rates in the world, and it aims to reach all vulnerable citizens by late January. Authorities started vaccinations on Dec. 19 using the vaccine developed by Pfizer (NYSE:PFE) and BioNTech. has also imposed a third national lockdown to fight climbing infection rates. Edelstein called for an immediate tightening of restrictions, with any final decision pending a cabinet meeting due later on Tuesday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The Bank of Israel said on Monday it expected the economy to rebound quickly in 2021 if the fast start to vaccinating people against COVID-19 was maintained. which has a population of about 9 million, has reported more than 450,000 COVID-19 cases and 3,448 deaths from the disease.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.