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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Wanda Rich

    Posted on May 27, 2022

    Featured image for article about Top Stories

    STOCKHOLM (Reuters) – The European Union has decided on common purchasing of a vaccine and antiviral to fight the outbreak of monkeypox, a virus endemic in Africa and usually rare in other places, Sweden’s vaccine coordinator said on Friday.

    “After several meetings it has been decided that we will buy both vaccine and an antiviral treatment,” Swedish daily Dagens Nyheter quoted coordinator Richard Bergstrom as saying.

    The paper said the EU would buy Bavarian Nordic’s Imvanex and Tecovirimat from Siga Technologies in the United States.

    Bergstrom said that the EU had not yet signed a contract with either firm.

    “But it will go quickly. We should have a contract ready in a week or so and maybe some limited deliveries in June,” the paper quoted him saying.

    Reuters was seeking comment from the EU on the report.

    Imvanex is a vaccine against smallpox, to which monkey pox is closely related.

    It has U.S. approval for the prevention of both smallpox and monkeypox. European Union approval is for smallpox, although doctors can prescribe it off-label for monkeypox.

    Global health officials have tracked more than 200 suspected and confirmed cases of the usually mild viral infection in 19 countries since early May. The monkeypox variant implicated in the current outbreak has a case fatality rate of around 1%, though no deaths have been reported so far.

    (Reporting by Simon Johnson; Editing by Angus MacSwan)

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