With the search for a cure against the novel coronavirus being the prime focus among all nations across the planet, Israeli Defence Minister Naftali Bennett issued a statement on Monday saying the country's scientists at the main biological research institute made a "significant breakthrough" by developing an antibody. According to the Israeli media, Bennett said, “I am proud of the Biological Institute staff, who have made this significant breakthrough and it is their Jewish creativity and ingenuity that brought about this amazing achievement,”.

Reports state the antibody or passive vaccine that has been developed attacks the virus and neutralizes it in the body. Bennett had visited the labs of the Israel Institute for Biological Research (IIBR), which is a secret unit working directly under the Prime Minister’s Office. According to Bennett, the scientists have discussed with him in detail about the antibody and have said that the vaccine's development phase is complete.

As of now, IIBR Director Shmuel Shapira has revealed that plans are underway to produce the antibody formula on a wide scale with an international manufacturer once the patenting process is completed. The IIBR has been at the forefront right from the beginning of the COVID-19 outbreak in the development of a treatment and vaccine while testing blood of those who had made a recovery from the disease. Furthermore, MigVax, another research team from Israel has also been involved in the process of developing an antibody against the coronavirus and are reportedly on the end line of the initial development phase for a vaccine and had reportedly secured around $12 million as an investment last week.