Researchers at USA drug firm Inovio Pharmaceuticals and the University of Queensland in Australia are also moving to develop coronavirus vaccines.
The university was given a grant for this objective due to their new patented rapid response technology for the development of vaccines - known as a "molecular clamp".
Professor Peter Hotez, a vaccine expert at Baylor University, says the speed of vaccine development is increasing.
"The vaccine would be distributed to first responders, helping to contain the virus from spreading around the world". One of the avenues of urgent investigation is the search for a vaccine.
The project in the United States is being initiated by the National Institutes of Health and the biomedical agency's recently formed vaccine research group, according to the sources. This means that we probably will not see a vaccine until 2021.
"The molecular clamp is actually derived for another virus". Before that could be done, the vaccine has to be tested to make sure that it produces the right antigens, proteins, etc., that is required to combat the virus.
Major US drug manufacturer Johnson & Johnson has also announced it is working on coronavirus vaccines. "They are also critical for the global economy and global security".
Yuen, chair of infectious diseases at the University of Hong Kong, and his team discovered that they are working at the vaccine.
According to Yuen, the vaccine needs to be injected into an animal to test if it creates a terrific immune response. The modification, according to the researchers, could prevent influenza viruses as well as the new coronavirus, which causes pneumonia.
History has shown that developing effective vaccines for new viruses such as the Ebola and Zika viruses is an uphill battle that can take years.
The coronavirus has claimed 106 lives in China at the time of writing.
Hong Kong had confirmed at least eight cases.
The virus is hard to contain because those infected can spread it to others before any symptoms appear, meaning that carriers might not know if they have the virus.
The new coronavirus arose in the central Chinese city of Wuhan and has already circulated the world, with cases verified in Japan, Thailand, Vietnam, Singapore, Nepal, Taiwan, South Korea, and the US.
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