World tennis superstar Novak Djokovic reportedly has an 80% stake in QuantBioRes that’s currently working on finding a treatment, not a vaccine, for COVID-19.
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World tennis superstar Novak Djokovic reportedly has an 80% stake in a Danish biotechnology firm that’s currently working on finding a treatment for COVID-19.
QuantBioRes is said to be creating a potential treatment, not a vaccine, for the disease, though little is known about its efforts. The company uses Resonant Recognition Model (RRM) technology to predict bioactive mutations and electromagnetic frequency, among other markers, and study protein activity, with the goal to produce treatments for resistant bacteria and viral diseases.
QuantBioRes said on its website that it began testing its deactivation mechanism for COVID-19 in July last year, but no other details were provided. There is also minimal information on the company’s projects and plans for the future as of this writing.
It is unknown how much the Serbian tennis player and his wife Jelena invested in March 2020 in exchange for the 80% equity, but business filings show that Novak has 40.80% voting rights while Jelena has 39.20%. Novak also holds the right to appoint management members and approve dividend payments.
Company chief executive, Ivan Loncarevic, confirmed Djokovic’s involvement in an interview with Reuters, adding that they hope to start clinical trials in the UK by summertime.
Djokovic made the headlines recently after he was booted out of the Australian Open and deported because the athlete was unvaccinated. His visa was also canceled.
“Today I exercised my power under section 133C(3) of the Migration Act to cancel the visa held by Mr. Novak Djokovic on health and good order grounds, on the basis that it was in the public interest to do so. This decision followed orders by the Federal Circuit and Family Court on 10 January 2022, quashing a prior cancellation decision on procedural fairness grounds. The Morrison Government is firmly committed to protecting Australia’s borders, particularly in relation to the Covid-19 pandemic,” said Australian immigration minister Alex Hawke in a statement.
It was the second time that the tennis star’s visa was canceled, but the first decision was dismissed by a federal judge. The successful re-cancellation attempt means that Djokovic will not be eligible for an Australian visa for three years.
Djokovic issued a statement on the alleged “misinformation” that spread about his health status in Australia on his Instagram account on January 12, saying that it was just all due to an “administrative mistake” on his agent’s side.
