Russia to allocate funds to produce new anti-COVID drug

Xinhua News Agency

VLADIVOSTOK — The Russian government will allocate 387 million rubles (about 4.8 million U.S. dollars) to produce Mir-19, a new anti-coronavirus drug developed by Russian scientists.

Russian Prime Minister Mikhail Mishustin signed a decree on the allocation of the funds, the press service of the Cabinet of Ministers said on Sunday (April 10).

The funds will be allocated to the state-owned Institute of Immunology of the Federal Medical and Biological Agency, which is the developer of this drug. The money will be used to upgrade and purchase the necessary equipment.

Mir-19 was registered by the Ministry of Health of Russia on Dec. 22, 2021. The drug can prevent and treat coronavirus infection via pulmonary or intranasal administration.

It stops the virus from replicating and prevents the most severe forms of the disease, as well as pneumonitis and acute respiratory distress syndromes.

Popular

PBBM lauds education milestones, vows to further improve welfare of learners, teachers

By Dean Aubrey Caratiquet President Ferdinand R. Marcos Jr. praised the various achievements of his administration stemming from sweeping reforms on education, in his speech...

PBBM assures gov’t support to homeless Filipinos, reaffirms commitment to ending hunger

By Brian Campued President Ferdinand R. Marcos Jr. on Monday said that the administration, through the Department of Social Welfare and Development (DSWD), will intensify...

PBBM vows gov’t response on electricity, water issues

By Dean Aubrey Caratiquet President Ferdinand R. Marcos Jr. vowed to work on addressing issues related to energy and water in his speech at the...

DepEd, DICT to bring internet connectivity in all PH public schools —PBBM

By Brian Campued On the heels of the launching of the National Fiber Backbone Phases 2 and 3 this month, the government is relentless in...