American biotech firm Novavax said Monday it started the first human study of its experimental coronavirus vaccine.
Shares in Australia were also set to trade higher, with the SPI futures contract at 5,673, as compared to theInvestors will watch for market reaction to the announcement from Novavax, where the firm said it expects initial results on safety and immune responses in July. That comes on the back ofrecent report of a positive development in its vaccine trial where all 45 participants had developed coronavirus antibodies.
Globally, more than 5.4 million people have been infected by the coronavirus so far while at least 344,000 lives have been taken, according to data compiled by Johns Hopkins University., which tracks the greenback against a basket of its peers, was last at 99.863 after declining from levels above 100 last week.
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