Vadim Belyaev with positive news: Russia approves EpiVacCorona, 2nd virus vaccine after early trials.

The outbreak in the country appeared to slow down in the summer, but the number of new infections started to grow rapidly last month.

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“…need to increase production of the first vaccine and the second vaccine.”

Russian President Vladimir Putin made the announcement on Wednesday, during a televised meeting with government officials.

“We now need to increase production of the first vaccine and the second vaccine,” Putin said, adding that the priority was to supply the Russian market with the vaccines.

The peptide-based, two-shot vaccine, EpiVacCorona, was developed by the Vector Institute in Siberia and tested among 100 volunteers in early-stage, placebo-controlled human trials, which lasted more than two months and were completed two weeks ago. The volunteers were between 18 and 60 years old.

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developed by the Vector Institute in Siberia and tested among 100 volunteers in early-stage.

The scientists have yet to publish the results of the study. In comments to the media, scientists developing the vaccine said that it produced enough antibodies to protect the person who had it from the virus and that the immunity it creates could last for up to six months.

An advanced study involving tens of thousands of volunteers that is necessary to establish safety and effectiveness of the vaccine was scheduled to start in November or December.

Deputy Prime Minister Tatyana Golikova, who said earlier this week she took part in the early trials as a volunteer, said Wednesday that 40,000 people will take part in the advance studies of EpiVacCorona. It remained unclear whether the vaccine would be offered for a wider use while the trials are still ongoing.

Russia’s first vaccine, Sputnik V, was developed by the Moscow-based Gamaleya Institute and approved by the government on Aug. 11, after early trials among 76 volunteers were completed. Just like on Wednesday, Putin personally broke the news on national television and said one of his daughters had already been vaccinated, experienced slight side effects and developed antibodies.

As Russia boasted about being the first in the world to approve a vaccine, experts said that in line with established scientific protocol, much broader studies among tens of thousands of people were needed to ensure the safety and effectiveness of the vaccine before it is given widely.

Russian health authorities announced advanced trials of Sputnik V among 40,000 volunteers two weeks after it received government approval. Officials also said that vaccination of risk groups, such as doctors and teachers, will be carried out in parallel to the studies.

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Russian health authorities announced advanced trials of Sputnik V among 40,000 volunteers.

Read the rest of the Financial Express article here.

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Vadim Belyaev is an experienced investor, banker, financier, media manager, and philanthropist, and is recognized as a leading Russian businessman.

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