EU raises its bet on blood plasma in search for Covid-19 therapy | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 29, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 29, 2025
EU raises its bet on blood plasma in search for Covid-19 therapy

Coronavirus chronicle

Reuters
09 July, 2020, 05:35 pm
Last modified: 09 July, 2020, 05:35 pm

Related News

  • EU to invest €1b in Bangladesh, plans to double
  • Israel may have breached EU agreement, bloc's foreign policy arm says
  • Trump calls for 50% tariff on EU, starting June 1
  • Cross-border assistance work only when individuals are safe on both sides: EU
  • BRAC and EU join forces to support humanitarian response in Cox’s Bazar

EU raises its bet on blood plasma in search for Covid-19 therapy

The European Commission, the EU's executive arm, has invited national blood authorities to apply for possible emergency funding by July 10 to boost their collection of convalescent plasma

Reuters
09 July, 2020, 05:35 pm
Last modified: 09 July, 2020, 05:35 pm
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019/ Reuters
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019/ Reuters

The European Union wants to fast-track funding to treat Covid-19 patients with blood plasma collected from survivors, an EU document seen by Reuters shows, in a sign of the bloc's growing confidence in the experimental treatment.

The move also highlights the more assertive approach being taken by the 27-nation union in the race to find effective drugs and vaccines against the new coronavirus, after the United States scooped up several promising candidates.

The European Commission, the EU's executive arm, has invited national blood authorities to apply for possible emergency funding by July 10 to boost their collection of convalescent plasma, which is obtained from people who have recovered from Covid-19, the document seen by Reuters said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Funds could be used to buy equipment to collect, store and test convalescent plasma, the document said, adding the money could come from the Emergency Support Instrument (ESI), a European rainy-day fund.

The use of the ESI could allow funds to be provided this year. Usually EU funding projects are planned years in advance.

Money from the 2.7-billion-euro ($3 billion) ESI has so far only been used or committed for highly sensitive issues, such as buying scarce face masks at the peak of the pandemic in Europe and advance purchase of potential Covid-19 vaccines .

Over 300 million euros have been spent and about 2 billion is pencilled in to buy possible vaccines, EU officials told Reuters. This leaves some 400 million euros available.

The use of the ESI is still being considered, the Commission noted in its document. A Commission spokesman did not immediately reply to questions on the matter.

PLASMA RUSH

Since the beginning of the pandemic, medics across the world have been transfusing convalescent plasma into critically ill Covid-19 patients, often with positive results, although its efficacy is still under investigation.

People who survive an infectious disease like Covid-19 are left with blood plasma containing antibodies, or proteins made by the body's immune system to fight off a virus, that can be transfused into newly infected patients to try to aid recovery.

Plasma, which is the liquid component of blood, is also being tested by public authorities and companies to develop medicines against Covid-19, such as hyperimmune globulins.

Separate research is underway on its possible use to prevent Covid-19 infections, as antibodies extracted from it could be transfused to boost immunity defences of vulnerable people. That could be particularly important in the absence of a vaccine.

The Commission has already funded research on convalescent plasma, but unblocking emergency funding to promote collection would be the boldest move so far.

The EU is currently financing a project to develop a plasma-derived therapy against Covid-19 and has also set up a database to share results of treatments applied in European hospitals.

It is also working to reduce its long-standing dependency on plasma imported from the United States to manufacture critical non-Covid medicines such as immunoglobulins and medication that helps control bleeding.

Covid-19 Plasma Therapy / EU

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • A file photo of the NBR Bhaban in Agargaon, Dhaka
    Why a well-intended NBR reform turned into a stand-off
  • Logo of One Bank/Collected
    How ONE Bank hides Tk995cr loss through provision deferral
  • Protesting NBR officials observe “Complete Shutdown” programme at the NBR headquarters in Agargaon, Dhaka on 28 June 2025. Photo: TBS
    Protesting NBR officials to continue shutdown tomorrow

MOST VIEWED

  • A crane loads wheat grain into the cargo vessel Mezhdurechensk before its departure for the Russian city of Rostov-on-Don in the course of Russia-Ukraine conflict in the port of Mariupol, Russian-controlled Ukraine, October 25, 2023. REUTERS/Alexander Ermochenko/File Photo
    Ukraine calls for EU sanctions on Bangladeshi entities for import of 'stolen grain'
  • Illustration: TBS
    US Embassy Dhaka asks Bangladeshi student visa applicants to make social media profiles public
  • Infograph: TBS
    How banks made record profits in a depressed year
  • Officials from Bangladesh and Japan governments during an agreement signing ceremony on 27 June 2025. Photo: Courtesy
    Bangladesh signs $630m loan deal with Japan for Joydebpur-Ishwardi rail project
  • BNP leader Ishraque Hossain addressing employees of the Dhaka South City Corporation and participants of the ongoing protest at Nagar Bhaban on 18 June 2025. Photo: Jahidul Islam/TBS
    Why Ishraque stepped back from his mayoral oath fight
  • Biman Bangladesh bans WhatsApp for official use
    Biman Bangladesh bans WhatsApp for official use

Related News

  • EU to invest €1b in Bangladesh, plans to double
  • Israel may have breached EU agreement, bloc's foreign policy arm says
  • Trump calls for 50% tariff on EU, starting June 1
  • Cross-border assistance work only when individuals are safe on both sides: EU
  • BRAC and EU join forces to support humanitarian response in Cox’s Bazar

Features

How a young man's commitment to nature in Tetulia won him a national award

How a young man's commitment to nature in Tetulia won him a national award

2h | Panorama
From blossoms to bounty: The mango season that revives Rajshahi

From blossoms to bounty: The mango season that revives Rajshahi

2h | Panorama
Graphics: TBS

Drop of poison, sea of consequences: How poison fishing is wiping out Sundarbans’ ecosystems and livelihoods

1d | Panorama
Photo: Collected

The three best bespoke tailors in town

1d | Mode

More Videos from TBS

Venice looks like a moonlit market at Bezos-Sanchez wedding

Venice looks like a moonlit market at Bezos-Sanchez wedding

46m | TBS World
Why is Iran questioning the role of the International Atomic Energy Agency?

Why is Iran questioning the role of the International Atomic Energy Agency?

1h | Others
One party has already left, and the other is waiting to trap us: Nasiruddin

One party has already left, and the other is waiting to trap us: Nasiruddin

1h | TBS Today
Seema sought guidance despite being cursed by Umama

Seema sought guidance despite being cursed by Umama

2h | Podcast
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net