New Zealand’s borders fully open after long pandemic closure

International Business News – New Zealand’s borders fully re-opened to visitors from around the world on Monday, for the first time since the COVID-19 pandemic closed them in March 2020.

New Zealand’s borders started reopening in February first for New Zealanders and restrictions have progressively eased.

The process of reopening the borders ended last night with visitors who need visas and those on student visas now also allowed to return to New Zealand. New Zealand is now also letting cruise ships and foreign recreational yachts docks at its ports.

Most visitors arriving in New Zealand still need to be vaccinated against COVID and must take two COVID tests after arriving. However, there are no quarantine requirements.

New Zealand Prime Minister Jacinda Ardern said on Monday during a speech at the China Business Summit in Auckland that the final staged opening of the borders had been an enormous moment.

“It’s been a staged and cautious process on our part since February as we, alongside the rest of the world continue to manage a very live global pandemic, while keeping our people safe.”

International students were a significant contributor to New Zealand’s economy and educational providers are hoping the reopening of the borders will again provide a boost to schools and universities around the country.

New Zealand Tourism Minister Stuart Nash said the return of cruise ships will also be a boost for local industries.

“Most cruise visits are during the warmer months of October to April, and summer is our bumper tourism season overall. This means it will be full steam ahead for the industry,” said Nash.

New Zealand asks Biden to return gift

International Business News  –  New Zealand’s prime minister has been criticized for giving Biden a questionable gift.

The Chineseherald website reported that during his visit to the United States, New Zealand Prime Minister Jacinda Ardern presented Biden with a gift – a bowl made by New Zealand’s Corrisons.

Environmentalists and conservationists are outraged by the gift. The Ardern government said the product was supplied by businessman Nelson Parker, who was investigated for allegedly exporting logs to China, which was illegal.

The logging and processing of this tree is strictly prohibited from 2018. Environmentalists and representatives of local indigenous tribes believe the president of the United States should return the gift bowls that were given to him.

Fiona Farrell, president of New Zealand’s North Island Conservation Association, commented: “This is totally unacceptable! Biden should return the bowl. The Prime Minister’s choice of such a gift is shocking, and this is after the work we’ve done to protect Agathis dammara!”

Agathis dammara is one of the oldest tree species that survived the Jurassic period. Activists believe its logging could damage not only the ecosystem, but also important historical and cultural sites in New Zealand.

EU to speed up trade talks with Australia, New Zealand

According to Agence France-Presse reported on June 3, a senior EU official said on the 3rd that the EU will step up efforts to finalize trade talks with Australia, New Zealand and Chile, while ensuring that appropriate environmental standards are met.

Following a meeting of the 27-member trade ministers, EU trade commissioner Valdice Dombrovskis said there was “a very broad consensus” that the EU needs to “strengthen and speed up reaching, signing and ratifying” work on trade agreements”.

The European Union has been spooked by former U.S. President Donald Trump’s shift to highly protectionist policies, prompting it to shift its focus to a more defensive trade policy.

France, which currently holds the EU’s six-month rotating presidency, encouraged this but called for a more cautious approach to trade deals, especially those with Mercosur that have been struck but not yet ratified.

The Czech Republic and Sweden, which will next hold the EU presidency, are lobbying for a return to a freer trade stance, centered on a free trade agreement.

“When it comes to the free trade agenda, I think the EU needs to do more, faster,” Swedish Trade Minister Anna Hallberg said ahead of the meeting in Luxembourg.

“We need to be meaningful trading partners, attractive trading partners, and we have many trade deals on the table. We need to get them done now,” she added.

The most ambitious goal is for the European Commission to complete negotiations with Chile, New Zealand and Australia by the end of this year.

The European Commission also wants to ratify agreements already reached with Mexico and Mercosur, but these have been mired in legal uncertainty.

New Zealand: All Russian imports will be subject to 35% tariff

International Business News – New Zealand’s foreign and trade ministers issued a joint statement saying the New Zealand government will impose a 35% tariff on all imports from Russia in light of Russia’s special military operation in Ukraine.

“The government has announced that it will impose a 35% tariff on all Russian imports, extending the export ban on products closely related to Russia’s strategic industrial sectors,” a statement posted on the New Zealand government’s official website stated.

The New Zealand government will ban the export of ICT equipment and engines, the statement said.

The statement said it was New Zealand’s “most serious economic response” to the Russian military action to date, and the decision will come into effect on April 25 after the resolution is finalized.

TTC has appointed Mike Peters as the new Chief Operating Officer based in Wellington New Zealand 

International Business News  – TTC, a leading global software quality assurance provider, has appointed Mike Peters as the new Chief Operating Officer based in Wellington New Zealand amidst significant growth seen in the market. Mike will be a key member of the New Zealand management team and will also liaise closely with our international leadership team on global initiatives.

Peters brings 20+ years of experience in the IT industry with his most recent role being the National Account Director at Planit where he held various leadership positions for 10 years. Other past roles include titles such as CIO, and Programme Delivery Manager within the Fortune 500.

“Mike brings an incredibly strong pedigree within the software testing arena and QA services management.”, said Paul Whiston, CEO of TTC New Zealand. “He has a proven track record of being a strategic advisor to the clients that he serves and ensures successful delivery in quality assurance.”

“I am thrilled to have been selected to join TTC and help continue facilitate it’s upward trajectory.” said Peters. “It’s a privilege to be part of an organisation that delivers high-quality services and innovation whilst developing the most talented professionals into trusted QA thought leaders.”

Prior to his role at TTC, Mike recently held various leadership roles globally across a variety of software companies including Roxit and Dezta BV along with global IT consulting firm CGI, and leading banking & financial Services organisation, Achmea. “Mike is a well-rounded and communicative leader, with a unique combination of technical skills and adaptive ability. We’re thrilled to see what the future holds at TTC where Mike is sure to be an asset.” says Whiston.

About TTC
TTC is a leading global software assurance provider with a focus on helping organisations transform the way they deliver technology. We have capabilities across a wide range of delivery areas that enable our clients to increase the speed and quality of technology development while reducing risk and cost. TTC was founded in 2004 to be a testing partner that could take global learnings and best practices and deliver them in a locally appropriate way. Fast forward eighteen years with offices in New ZealandAustralia, Americas, Europe, and Middle East with strong partnerships with the world’s largest organisations, this is still TTC’s purpose today.

New Zealand’s Medsafe Grants Provisional Approval for Novavax’ COVID-19 Vaccine

Nuvaxovid™ is the first protein-based COVID-19 vaccine to receive provisional approval for distribution in New Zealand

Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, today announced that New Zealand’s Medsafe has granted provisional approval of NVX-CoV2373, Novavax’ COVID-19 vaccine (adjuvanted), for active immunization to prevent coronavirus disease 2019 (COVID-19) caused by SARS-CoV-2 in individuals 18 years of age and older. The vaccine will be supplied to New Zealand under the brand name Nuvaxovid™.

“The provisional approval of Nuvaxovid by Medsafe will enable Novavax to deliver the first protein-based COVID-19 vaccine to New Zealand,” said Stanley C. Erck, President and Chief Executive Officer, Novavax. “We thank Medsafe for its thorough review and, as the pandemic continues to evolve, we remain committed to supporting New Zealand and the world in the fight against COVID-19.”

The provisional approval by Medsafe is based on evaluation of the quality, safety, and efficacy data submitted for review. This includes two pivotal Phase 3 clinical trials: PREVENT-19 enrolled approximately 30,000 participants in the U.S. and Mexico, the results of which were published in The New England Journal of Medicine (NEJM); and a trial with almost 15,000 participants in the U.K., the results of which were also published in NEJM. In both trials, NVX-CoV2373 demonstrated efficacy and a reassuring safety and tolerability profile. Serious and severe adverse events were low in number and balanced between vaccine and placebo groups. The most common adverse reactions observed during clinical studies (frequency category of very common ≥1/10) were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise. Novavax will continue to collect and analyze real-world data, including the monitoring of safety and the evaluation of variants, as the vaccine is distributed.

Novavax and the New Zealand Government previously announced an advance purchase agreement (APA) for 10.7 million doses of Novavax’ COVID-19 vaccine. This provisional approval leverages Novavax’ manufacturing partnership with Serum Institute of India (SII), the world’s largest vaccine manufacturer by volume, which will supply initial doses to New Zealand. The provisional approval will later be supplemented with data from additional manufacturing sites in Novavax’ global supply chain.

Novavax received conditional marketing authorization for NVX-CoV2373 in the European Union, emergency use listing (EUL) from the World Health Organization (WHO), and was granted provisional registration by the Therapeutic Goods Administration in Australia, among others. The vaccine is also currently under review by multiple regulatory agencies worldwide, including the U.S. Food and Drug Administration (FDA).

For more information on Nuvaxovid, including the approved New Zealand Datasheet and approved Consumer Medicine Information and Important Safety Information, or to request additional information, please visit the following websites:

Novavax global authorization website
COVID-19 Vaccine Status of Applications
Information for Prescribers/Consumers Search
The brand name Nuvaxovid™ has not yet been authorized for use in the U.S. by the FDA. Novavax’ sponsor in Australia and New Zealand is Biocelect Pty. Ltd.

Provisional Approval of Nuvaxovid™ in New Zealand
Medsafe has granted provisional approval of Nuvaxovid™ COVID-19 Vaccine (adjuvanted) for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals 18 years of age and older.

Important Safety Information

Nuvaxovid is contraindicated in persons who have a hypersensitivity to the active substance, or to any of the excipients.
Events of anaphylaxis have been reported with administration of COVID-19 vaccines. Appropriate medical treatment and supervision should be available in case of an anaphylactic reaction following the administration of the vaccine. A second dose of the vaccine should not be given to those who have experienced anaphylaxis to the first dose of Nuvaxovid.
Anxiety-related reactions, including vasovagal reactions (syncope), hyperventilation, or stress‐related reactions may occur in association with vaccination as a psychogenic response to the needle injection. It is important that precautions are in place to avoid injury from fainting.
Vaccination should be postponed in individuals suffering from an acute severe febrile illness or acute infection.
Nuvaxovid should be given with caution in individuals receiving anticoagulant therapy or those with thrombocytopenia or any coagulation disorder (such as haemophilia) because bleeding or bruising may occur following an intramuscular administration in these individuals.
The efficacy of Nuvaxovid may be lower in immunosuppressed individuals.
Administration of Nuvaxovid in pregnancy should only be considered when the potential benefits outweigh any potential risks for the mother and fetus.
The effects with Nuvaxovid may temporarily affect the ability to drive or use machines.
Individuals may not be fully protected until 7 days after their second dose. As with all vaccines, vaccination with Nuvaxovid may not protect all vaccine recipients.
The most common adverse reactions observed during clinical studies (frequency category of very common ≥1/10) were headache, nausea or vomiting, myalgia, arthralgia, injection site tenderness/pain, fatigue, and malaise.

Source: Novavax, Inc.

Cytiva fuels biotech development in Australia and New Zealand

VivaZome Therapeutics wins top prize with its potential to provide off-the-shelf regenerative medicines.
Part of Cytiva’s BioChallenge global series, the inaugural challenge for the Australia and New Zealand region received 32 applications from various universities and companies.
Cytiva, a global life sciences leader, announces the winner of its first BioChallenge for the Australia and New Zealand region (ANZ). The competition attracted 32 proposals from academic institutions and start-up companies across the region’s biotechnology industry. They were evaluated by a panel of independent judges. VivaZome Therapeutics, an emerging exosome-derived therapies developer, was ultimately being awarded the top prize valued at approximately AUD $200,000.

Since the global BioChallenge was launched in 2018, Cytiva has overseen more than 130 projects. The company has provided approximately four million USD of products and services to support research, bioprocessing development, and commercialization. In the first ANZ BioChallenge, the focus was on empowering biotech researchers and companies in three areas: cell engineering, process development and isolation as well as chromatography and filtration purification.

VivaZome’s winning entry depicted the company’s efforts to develop a universal exosome manufacturing process, with an aim is to produce off-the-shelf regenerative medicines without existing hurdles of delivering live cells to patients. Professor David Haylock, CEO of VivaZome Therapeutics, says “Our team is working to be a global leader in providing novel, valuable and safe exosome-derived therapies for devastating and life-threatening diseases. To make our vision real, we value the opportunity provided by BioChallenge to download industry experience and know-how from Cytiva.

Jarrod Belcher, Director, Researcher Exchange and Development within Industry Initiative, MTP Connect, says “The Cytiva Biochallenge provides funding and services & expertise to winning applicants to help grow local biomanufacturing in Australia. We appreciate industry support like this contributing to the commercialization efforts of Australia’s world-class research.”

In 2021, Cytiva, along with the Financial Times’ research arm Longitude, compiled a global index based on a survey of 1165 biopharma executives and healthcare policymakers across 20 countries. The Index ranked the ability of the biopharma industry to respond to five major challenges in supply chain, talent, research and development, manufacturing, as well as government policy and regulation. The index identified talent pool and R&D collaboration as restraints to the ANZ biopharma industry to achieving self-sufficiency. As a committed industry leader, Cytiva hopes to support the industry by turning challenges into opportunities.

Tim O’Meara, Project Leader for the ANZ BioChallenge at Cytiva says “excellent research facilities, world-class capabilities and a strong but flexible regulatory regime have made ANZ a powerhouse of biotechnology. We hope BioChallenge can help discover and showcase promising industry researchers and companies with the support of Cytiva’s expertise, products, and services.”

As part of the award, Cytiva will provide VivaZome and the other award-winning companies with its well-sought Fast Trak Services and training worth nearly AUD $360,000 throughout 2022. Cytiva will also seek to nurture and further develop early-stage innovations through joint efforts.

Please stay tuned to the Cytiva Bioprocess Training and Service page for the latest updates.

Source: Cytiva

SQUAREONE – NEW ZEALAND’s FIRST MONEY APP FOR KIDS

SquareOne is a ground-breaking new FREE app that replicates an everyday account and allows Kiwi kids to spend and save money – with parental supervision. This purpose-built mobile app, with accompanying card, is a first in New Zealand and local founders Jovan Pavlicevic and Jamie Jermain have signed a seven-year partnership with Mastercard to bring it to life.

The idea for SquareOne came about when Pavlicevic and Jermain (two Kiwi mates with finance backgrounds) wanted an easy and effective way to teach money confidence to their own kids. “Traditional banking focusses on adults and we want Kiwi kids to have the best chance of financial success and the key to that is to start young,” says co-founder Jamie Jermain.

“A staggering one third of ALL working-age Kiwis have less than $1,000 saved and 51% of students report little or no financial education at school. We created SquareOne to fill the gaping hole in our financial education and provide financial wellbeing for our next generation.”

Jovan Pavlicevic, SquareOne.

Studies* in New Zealand report finding that young people have low financial literacy, take part in little formal financial capability training and gain more out of education when it is directly relevant to their life and parental modelling. While introducing kids to spending, SquareOne actively promotes the idea of saving within the app. Whether it’s putting money away for a new bike, an X-box or something smaller, kids can easily set up savings goals either through the app or with the help of their parents.

SquareOne has stringent safeguards in place in case of loss or theft including, no names and numbers on cards and parental access to temporarily lock and unlock their child’s card in app at any time. It also offers real-time spending notifications and blocks over-18 merchants including alcohol outlets and gambling services.

While SquareOne is a first for New Zealand, similar apps are proving extremely popular overseas. gohenry launched in the UK in 2012 and currently boasts 1.5 million customers. In 2019 Australia launched Spriggy and currently has 400,000 users.

SquareOne is available now via the Apple App Store or Google Play Store

Source: SquareOne