Russia rolls out first approved COVID-19 drug

iStock [illustration]

As number of COVID-19 cases in Russia crossed 500,000, the government has rolled out a drug to treat the novel coronavirus even though clinical trials are still underway.

The country's health ministry has approved the use of the anti-viral drug, registered under the name Avifavir, under a special accelerated process.

In a press release, the state financial backer said the drug has been delivered to some hospitals and clinics in the country.

The country's RDIF sovereign wealth fund has a 50 per cent share in a joint venture with the drug's manufacturer ChemRar.

There is currently no vaccine for COVID-19, with human trials of several existing antiviral drugs yet to show efficacy.

So far, the country has 502,436 positive cases and the death toll stands at 6,532.

More from International

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.