COVID Vaccine Being Snapped Up By Wealthier Nations

COVID-19 test being developed by Taiwan soon to go to testing

On Sept 9, Prime Minister Tan Sri Muhyiddin Yassin promised that Malaysia will not miss the vaccine for Covid-19 even though the country does not produce it.

However, some countries that have secured their own supplies through bilateral deals, including the USA, have said they will not join COVAX.

The group further warns that even if the five potential vaccines turn out to be sufficiently safe and effective-an unlikely scenario-the coming year would still be marked by the public health crisis because 61% of the world's population would likely not have a vaccine until at least 2022.

Wealthy nations representing 13% of the world's population already bought 2.7 billion yet-to-be-made vaccines, says Oxfam.

A major concern around the eagerly awaited COVID-19 vaccine is the availability of doses and fair distribution across the world, a sentiment that has reportedly been echoed by Melinda Gates.

Oxfam's pushing for a "People's Vaccine" - but it will only be possible if pharmaceutical corporations forego monopolies and allow vaccines to be produced as widely as possible.

The remaining doses were promised to India, Bangladesh, China, Brazil, Indonesia, and Mexico, among other developing nations, the charity added.

"We need a people's vaccine, not a profit vaccine", Vera said.

For example, the United Kingdom government has secured the equivalent of five doses per person. The company has said it intends to make a profit from its vaccine and has sold the options for all of its supply to rich nations - at prices that range from $12-16 per dose in the U.S. to around $35 per dose for other countries - putting protection out of reach for many people living in poverty. Oxfam added that pharmaceutical companies should share their vaccine knowledge free of patents as that can lead to production being scaled up as fast as possible.

What was, however, completely omitted in the Oxfam report is the fact that Russia's Gamaleya Federal Research Center - the state scientific institution behind the development of one of the five "most promising" vaccines mentioned by the charity - is ready and willing to share its technology with nearly 30 nations.

Nine potential coronavirus vaccines are now undertaking clinical trials of which, supply deals of five companies have been made public, the report added. On Monday, Adar Poonawalla, chief executive of the Serum Institute of India (SII), predicted there may not be enough Covid-19 vaccine until 2024. No single corporation will ever be able to meet the world's need for a COVID-19 vaccine. Therefore, the cost of providing a vaccine for everyone on Earth is equivalent to 0.59% of cost of COVID-19 to the global economy.



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