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The uncertainty about the new variant has triggered global alarm. Photo: Reuters

Moderna CEO says Covid-19 vaccines likely no match for Omicron variant

  • Mutations likely to help Omicron evade protection provided by existing vaccines, CEO says
  • The World Health Organization has called the risk from the new Covid-19 variant ‘very high’

Existing Covid-19 jabs will struggle against the Omicron variant and it will take months to develop a new shot that works, the head of US vaccine manufacturer Moderna has told the Financial Times.

Stephane Bancel told the newspaper in an interview published Tuesday that data would be available on the effectiveness of current vaccines in the next two weeks but scientists were not optimistic.

“All the scientists I’ve talked to … are like ‘this is not going to be good’,” he told the newspaper.

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Asia tightens borders as spread of new coronavirus variant Omicron clouds region’s return to travel

Asia tightens borders as spread of new coronavirus variant Omicron clouds region’s return to travel

Bancel’s warning came as G7 health ministers held emergency talks on the new variant, which is spreading around the world and prompting nations to close their borders once again or impose fresh travel restrictions.

The World Health Organization has called the risk from Omicron “very high”.

Bancel said researchers were concerned because 32 of 50 mutations found in the Omicron variant were on the spike protein, a part of the virus that vaccines use to bolster the immune system against Covid.

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He said there would be a “material drop” in the effectiveness of current jabs against Omicron.

Moderna has already said it is working on an Omicron-specific vaccine, as is US drug maker Pfizer.

Chief executive Bancel said his company could deliver between two billion and three billion doses in 2022 but it would be dangerous to shift all production to an Omicron-specific shot with other strains of the virus still in circulation.

His more alarming tone contrasts with efforts by politicians to project calm regarding Omicron.

Bancel had earlier said on CNBC that there should be more clarity on the efficacy of Covid-19 vaccines against Omicron in about two weeks, and that it could take months to begin shipping a vaccine that works against the new variant.

South Africa’s Covid-19 cases could triple as Omicron spreads: expert

The WHO and scientists have also said it could take days to several weeks to understand the level of severity of the variant and its potential to escape protection against immunity induced by vaccines.

“Vaccination will likely still keep you out of the hospital,” said John Wherry, director of the Penn Institute for Immunology in Philadelphia.

The uncertainty about the new variant has triggered global alarm, with border closures casting a shadow over a nascent economic recovery from a two-year pandemic.

US President Joe Biden said Monday the strain was “not a cause for panic”.

Additional reporting by Reuters and Bloomberg

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