Categories: Coronavirus

Oxfam Says Rich Nations Have Cornered Half Of Future COVID-19 Vaccine Supply

File photo: A Sinovac Biotech LTD vaccine candidate for COVID-19 coronavirus is seen on display at the China International Fair for Trade in Services (CIFTIS) in Beijing on September 6, 2020. (Photo by NOEL CELIS / AFP)

 

 

A group of wealthy nations representing 13 per cent of the global population have already bought up more than half of the promised doses of future Covid-19 vaccines, according to a report by Oxfam on Wednesday.

The non-governmental organization analyzed deals struck by pharmaceuticals and vaccine producers for the five leading vaccine candidates currently in late-stage trials, based on data collected by the analytics company Airfinity.

“Access to a life-saving vaccine shouldn’t depend on where you live or how much money you have,” said Robert Silverman of Oxfam America.

“The development and approval of a safe and effective vaccine is crucial but equally important is making sure the vaccines are available and affordable to everyone. Covid-19 anywhere is Covid-19 everywhere.”

The five vaccines analyzed were from AstraZeneca, Gamaleya/Sputnik, Moderna, Pfizer and Sinovac.

 

In this file photo taken on August 13, 2020, a lab technician sorts blood samples for a COVID-19 vaccination study at the Research Centers of America in Hollywood, Florida. CHANDAN KHANNA / AFP)

 

Oxfam calculated the combined production capacity of these five vaccine candidates at 5.9 billion doses, enough for three billion people given that all five future vaccines will or are highly likely to require two doses.

Supply deals have so far been agreed for 5.3 billion doses, of which 2.7 billion (51 per cent) have been bought by developed countries, territories and regions, including the US, UK, European Union, Australia, Hong Kong and Macau, Japan, Switzerland and Israel.

The remaining 2.6 billion doses have been bought by or promised to develop countries including India, Bangladesh, China, Brazil, Indonesia and Mexico, among others.

The non-profit added that one of the leading candidates, developed by Moderna, has received $2.5 billion in committed taxpayers’ money, but has said it intends to make a profit and has sold the options for all its supply to rich nations.

Oxfam and other organizations are therefore calling for a “people’s vaccine” free of charge, distributed fairly based on need.

“This will only be possible if pharmaceutical corporations allow vaccines to be produced as widely as possible by freely sharing their knowledge free of patents, instead of protecting their monopolies and selling to the highest bidder,” Oxfam said.

It added that the estimated cost of providing a vaccine for everyone on Earth was less than one per cent of the projected cost of Covid-19 to the global economy.

AFP

Emmanuel Egobiambu

Disqus Comments Loading...

Recent Posts

  • Coronavirus

Nigeria Confirms 125 Fresh COVID-19 Cases

The Nigeria Centre for Diesease Control disclosed the latest COVID-19 infections in the West African nation in a tweet on…

2 hours ago
  • Crime Watch

EFCC Arraigns School Proprietor, One Other Over Alleged Visa Scam

  Two persons, Motunrayo Olasebikan and Abideen Adefisayo Tijani have been arraigned before Justice Ladiran Akintola of the Oyo State…

3 hours ago
  • Headlines

Another Tanker Explosion Leaves Many Critically Injured In Lagos

   Residents of the Iju-Ishaga area of Lagos were on Thursday afternoon sent into a panic as a rancorous…

3 hours ago
  • Local

11 Killed In Cross River Road Accident

  Eleven people were killed, and two others injured in a road accident along the Calabar-Mbarakom-Awi highway in Cross River…

3 hours ago
  • Sports

Martinez’s Extra Time Goal Hands Bayern Narrow Super Cup Win Over Sevilla

  Bayern Munich have won the 2020 UEFA Super Cup after beating Sevilla 2-1 courtesy of a Javi Martinez extra-time…

4 hours ago
  • Sports

Man City, Liverpool Reach League Cup Fourth Round

  Holders Manchester City needed a Phil Foden goal 15 minutes from time to see off Bournemouth 2-1 and reach…

4 hours ago