Britain has increased the amount of dexamethasone it has in stock and on order to 240,000 doses, health minister Matt Hancock said on Wednesday, after a preliminary trial result showed it reduced mortality in the most severe COVID-19 cases.
Shares of Chembio Diagnostics Inc slumped more than 60% on Wednesday after the U.S. Food and Drug Administration (FDA) revoked the emergency use authorization for its COVID-19 antibody test kit on concerns about its accuracy.
There is no reason to stockpile the generic steroid drug dexamethasone, a German health ministry spokesman said on Wednesday, after British trial data showed it reduced death rates among patients with the most severe COVID-19 infections.
The European Commission called on Wednesday for global leaders to cooperate to buy bulk quantities of potential COVID-19 vaccines, to avoid "harmful competition" in the race for a shot and ensure any future vaccine is available for poor countries.
Germany is not currently planning to take any further stakes in biotech firms, Finance Minister Olaf Scholz said on Wednesday after Berlin announced it would take a stake in German vaccine developer CureVac.
The European Commission proposed on Wednesday to temporarily relax rules on trials of drugs involving genetically engineered organisms as an emergency measure to speed the development of a vaccine against the new coronavirus.
Scores of flights to and from Beijing were cancelled, schools shut and some neighbourhoods blocked off as officials ramped up efforts to contain a coronavirus outbreak that has fanned fears of wider contagion.
The World Health Organization (WHO) said it was moving to update its guidelines on treating people stricken with COVID-19 to reflect results of a clinical trial that showed a cheap, common steroid can help save critically ill patients.
Scores of domestic flights in and out of Beijing were cancelled on Wednesday as officials ramped up attempts to contain a coronavirus outbreak in the Chinese capital over the past week that has sparked fears of renewed wider contagion.