Pfizer to issue 40 million vaccines at no profit for poorer countries

Pharmaceutical giant Pfizer announced on Friday that it will issue 40 million COVID-19 vaccine doses to poor countries at cost price, via global initiative COVAX.

The initiative is a collective of 64 higher-income economies made to ensure vaccine procurement and distribution to lower-income countries who, through COVAX, should receive doses by the first quarter of 2021.

This ground-breaking development remedies WHO director-general Dr Tedros Adhanom Ghebreyesus’ previous fears of a ‘moral catastrophe’ where richer countries vaccinated without too much difficulty as poorer countries crumbled.

#MaltaDaily