Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 05, 2021

Pfizer Has Offered South Africa Discounted Covid-19 Vaccines

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
USD-INR
--
MSCI World
--
Pritika Auto Industries Ltd
--
SAB Events & Governance Now Media Ltd.
--
Regency Investments Ltd.
--
BSE Healthcare
--
Lawreshwar Polymers Ltd.
--

Pfizer Inc. and BioNTech SE offered to supply South Africa with their Covid-19 vaccine at a discounted $10 a dose, yet the president's office still described the cost as prohibitive, according to a person familiar with the talks.

The price was worked out according to South Africa's status as a middle-income nation and is about half of what the drugmakers are charging in the U.S., the person said, asking not to be identified as the information hasn't been made public. The fact that the companies are running a vaccine trial in the country was also taken into consideration, the person said.

A spokeswoman for South Africa's Department of Health said the ministry can't comment on the pricing as a deal is yet to be concluded. Representatives for Pfizer and BioNTech in Europe declined to comment on the ongoing talks, though said they are “firmly committed to equitable and affordable access for Covid-19 vaccines for people around the world, including South Africa.”

South Africa's government is coming under mounting pressure from its labor-union allies, opposition parties and medical professionals over its failure to secure any bilateral vaccine-supply agreements with pharmaceutical companies. While at least 29 countries have already begun inoculating their populations, South Africa only expects to start getting shots for about 10% of its population in the second quarter. That deal has been arranged through the Covax initiative, which is designed to ensure poorer countries can secure access.

For more on the criticism, click here

The country has had 1.1 million confirmed cases of Covid-19 and approaching 30,000 deaths, the most of any African nation.

In a statement sent to Bloomberg News on Sunday, the South African presidency said Pfizer was one of at least three companies the government is in negotiations with for the supply of shots. It also said Pfizer has offered 50 million doses for health workers across Africa that could arrive between March and the end of the year.

“Factors that will be taken into account include the suitability for the South African context,” the presidency said, noting that the Pfizer vaccine requires ultra-cold storage. “The cost is also prohibitive.”

Tyrone Seale, acting spokesman for President Cyril Ramaphosa, declined to comment further.

©2021 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search