Hungary gives initial approval for AstraZeneca and Sputnik V vaccines - (This is Money via NewsPoints Desk)

  • Hungary's drug regulator has granted initial approval for use of AstraZeneca's and Russia's vaccines against the coronavirus, as reported in This is Money.

  • Foreign minister Peter Szijjarto was travelling to Moscow for talks about Russia's Sputnik V vaccine later on Thursday.

  • If he secures a shipment deal with Russia, Hungary would be the first EU member to receive the Sputnik V vaccine, even though the European Medicines Agency (EMA) has yet to green-light the candidate.

  • Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said on Thursday that Hungary has become the first country in the EU to "realize all the advantages of the Sputnik V vaccine and authorize its use."

  • He added that "this decision is very important as it demonstrates that the vaccine's safety and efficacy of over 90% are highly regarded by our partners in Hungary."

  • Meanwhile, the EU regulator has also not yet approved the vaccine co-developed by AstraZeneca and Oxford University, although a decision is expected on January 29.

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