Novak Djokovic (DjokerNole) reportedly holds a majority stake in QuantBioRes, a biotech firm that is working on developing a treatment for COVID-19
Publish date:Novak Djokovic holds an 80% stake in a biotech firm that is developing a COVID-19 treatment, QuantBioRes CEO Ivan Loncarevic said toDjokovic made the acquisition in June 2020, but Loncarevic did not reveal how much he invested. Per the outlet, Djokovic holds 40.8% while his wife, Jelena, owns 39.2% of the company. Loncarevic stressed to Reuters that QuantBioRes is working on developing a treatment, not a vaccine, for COVID-19.
The 20-time major singles champion made global headlines recently after his COVID-19 controversy and visa battle ahead of the Australian Open, which resulted in his deportation. The Australian government had just days before three federal court judges unanimously dismissed Djokovic’s application to overturn the immigration minister's decision.
Immigration Minister Alex Hawke said Friday that he utilized his discretion to cancel Djokovic’s visa on public interest grounds. Per court filings and, he cited part of the reason for canceling the visa was because the 35-year-old’s presence may lead to “increase in anti-vaccination sentiment” or even “civil unrest.”
“In particular, his behavior may encourage or influence others to emulate his prior conduct and fail to comply with appropriate public health measures following a positive COVID-19 test result, which itself could lead to the transmission of the disease and serious risk to their health and others,” Hawke argued, per CNN.
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