Canberra:A COVID-19 vaccine in development by Australia's University of Queensland (UQ) was declared ready to progress to later-stage clinical trials ahead of schedule on Friday, following promising Phase 1 results.
Regulatory approval was being sought for the vaccine to progress to Phase 3 clinical trials before the end of the year, with a timeline for widespread distribution to occur in late 2021, reports Xinhua news agency.
Read:|Sputnik V COVID-19 vaccine is 92 pc effective: Russia
"Early data out of Phase 1 clinical trial says that the vaccine is safe and well-tolerated when given, there's very little in the way of adverse events on injection of the vaccine," Professor Paul Young said.
"And it also induces a strong immune response, particularly a neutralizing antibody response, that is equivalent to or over what is seen in patients who have recovered from live virus infection."