There is some hope coming out of Israel as the coronavirus pandemic takes center stage around the world.
According to a media report in Jerusalem, Israeli scientists at the Institute for Biological Research will likely announce that they have completed the development of a vaccine for the novel coronavirus in the coming days.
The institute is located in the central Israeli town of Nes Tziona. It was established in the early 1950s as part of the Israel Defense Forces’ Science Corps. Now the institute serves as a civilian organization.
Of the oral vaccine, sources say that it could turn the disease into a mild cold.
But the vaccine probably will not be available for months due to lengthy bureaucratic testing and approval.
When asked about the development, the Defence Ministry told Haaretz that “there has been no breakthrough in the efforts of the biological institute to find a vaccine for the coronavirus or to develop testing kits,” adding that the ordeal will take time and an announcement will be made in a proper manner if and when there is something to report.
“The biological institute is a world-renowned research and development agency, which relies on experienced researchers and scientists with great knowledge and quality infrastructures,” the ministry continued. “There are now more than 50 experienced scientists working at the institute on researching and developing a medical remedy for the virus.”
Earlier this year, Prime Minister Benjamin Netanyahu had requested scientists from the institute to dedicate all of their efforts to create a substance that will provide immunity to coronavirus.
Michael Peres is a founder of various tech startups and pioneer behind the Breaking 9 To 5 business model. Peres covers topics pertaining to entrepreneurship, middle-eastern politics, entertainment and daily events. He currently resides in Seattle, Washington.