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Novak Djokovic owns 80% stake in biotech firm developing Covid drug

Novak Djokovic owns 80% stake in biotech firm developing Covid drug…  Novak Djokovic reportedly holds an 80% stake in a biotech company who are attempting to develop a treatment for covid, but one which does not involve vaccination.

As reported by Reuters, the world number one – who was recently deported from Australia after having his visa cancelled twice after initially been granted a medical exemption – has joined forces with Danish biotech firm, QuantBioRes.

The company’s chief executive, Ivan Loncarevic, revealed that Djokovic’s investment was made in June 2020, but refused to disclose the exact fee.

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It is thought that QuantBioRes employ 11 researchers who have been working out of Denmark, Australia and Slovenia to find a treatment against covid-19 – aiming to develop a peptide which prevents the virus from infecting the human cell.

While it is unsurprising that Djokovic is keen to find a treatment for covid – considering that he remains to be vaccinated – his decision to do so denied him the opportunity to defend his Australian Open title.

The 34-year-old was deported from the Australia after 12 days of legal battles saw the Federal Court side with immigration minister Alex Hawke’s decision to cancel his visa.

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He has also been banned from the country for three years, with home affairs minister Karen Andrews confirming that the three-year ban was as a result of the outcome of the court decision.

Djokovic was aiming to defend his Australian Open title and clinch his 21st Grand Slam – which would have seen him move ahead of rivals Roger Federer and Rafael Nadal.

 

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