Papua New Guinea to give $3m to unknown firm for Covid treatment

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Leaked document shows Niugini BioMed, established in August, will be funded by government to find a treatment from existing drugs

Papua New Guinea has approved nearly $US3m from its threadbare budget for an as-yet-unidentified Covid-19 treatment – allocating the money to an unknown biomedical company that was formed in August.

The prime minister, James Marape, has insisted the national executive council had not completed its approval process to engage a PNG company to find a treatment, but leaked cabinet documents appear to show 10.2m Kina (US$2.85m) being awarded to Niugini BioMed Ltd for research into discovering a new treatment for Covid-19 infections from existing drugs.

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from The Guardian https://ift.tt/3mJMbVl

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