Rich nations have cornered half of future COVID-19 vaccine supply – Oxfam

Agence France-Presse

This is AI generated summarization, which may have errors. For context, always refer to the full article.

'Access to a life-saving vaccine shouldn't depend on where you live or how much money you have,' says Robert Silverman of Oxfam America

A group of wealthy nations representing 13% 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, September 16.

The non-governmental organization analyzed deals struck by pharmaceuticals and vaccine producers for the 5 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 5 vaccines analyzed were from AstraZeneca, Gamaleya/Sputnik, Moderna, Pfizer, and Sinovac.

Oxfam calculated the combined production capacity of these 5 vaccine candidates at 5.9 billion doses, enough for 3 billion people given that all 5 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%) 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 developing countries including India, Bangladesh, China, Brazil, Indonesia, and Mexico, among others.

Must Read

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 1% of the projected cost of COVID-19 to the global economy. –

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Download the Rappler App!