Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Coronavirus

COVID-19: Vaccine Alliance says vaccine might cost a maximum of $40 per dose

Chike Olisah by Chike Olisah
July 28, 2020
in Coronavirus
COVID-19: Vaccine Alliance says vaccine might cost a maximum of $40 per dose
Share on FacebookShare on TwitterShare on Linkedin

The coordinators of a global COVID-19 vaccine funding scheme are considering wide-ranging pricing options for the COVAX shots. Nairametrics understands that a reported $40 per dose price tag is currently the highest number in that range, according to disclosures by Seth Berkley, one of the co-leads of the project.

Berkley, who is the CEO of the GAVI Vaccine Alliance — the public-private global health partnership that is co-leading the COVAX facility designed to ensure fair global access to the vaccine, stressed that the facility has yet to reach a specific target price. He did, however, note that they would seek to negotiate tiered-pricing for richer and poorer countries.

GAVI Vaccine Alliance’s CEO also rejected earlier comments by some EU sources last week suggesting that the COVAX facility was actually targeting a $40 price tag for wealthy nations. The EU sources had stated that the regional body would be seeking to secure cheaper deals outside of the COVAX scheme.

RelatedPosts

Why WHO declared Monkeypox outbreak a global health emergency

Vaccine Production: WHO says Nigeria’s Biovaccines Ltd to receive mRNA technology transfer

Speaking to Reuters during an exclusive interview, Berkley said that “there was a large range of numbers, and they (the EU sources) put the highest number out. He said that in a presentation to EU officials, COVAX officials had given a range of different prices. And that ($40) was the maximum price in the range for high-income countries, rather than a set price.”

(READ MORE: COVID-19: WHO reports highest global daily cases)

News continues after this ad


What you should know: COVAX is co-led by GAVI, the World Health Organization, and the CEPI Coalition for Epidemic Preparedness Innovations. The main aim of the alliance is to guarantee fast and equitable global access to COVID-19 vaccines once they are developed.

The alliance will secure supplies and distribution of about 2 billion doses of the vaccine across countries and who sign up by the end of next year. GAVI said that more than 75 countries have already signed up.

News continues after this ad


In the meantime, most vaccines are in the early testing process, according to Berkley. As such, it is too soon to know what the final price would be.

“The truth is nobody has an idea what the price is going to be, because we have no idea which (potential COVID) vaccine is going to work,” he said.

READ MORE: Covid-19: WHO to start widespread vaccination mid next year

According to him, COVAX started putting together estimates based on what is known, but there are no firm prices. In his words, “the challenge is trying to come up with a cost. Anybody who tells you they know isn’t being honest.”

He also explained that drugmakers frequently use a tiered pricing approach, in which poorer countries pay the lowest price, middle-income countries a higher price, and rich countries pay the highest price. He is not sure, for now, what manufacturers of potential COVID-19 vaccines will propose. However, they are trying to put forward cost estimates based on what they know so far.

Download the Nairametrics News App

“You’re going to have a range of different prices, depending upon which ones (vaccine candidates) are going to succeed.”

Back story: Recall that some vaccine candidates from drugmakers like Moderna and AstraZeneca have all recorded positive outcomes in their early trial stage. As Nairametrics reported, there have been concerted efforts to develop vaccines for the coronavirus diseased.

The WHO has revealed that about 150 vaccines for COVID-19 are currently under development globally.

 

Related

Tags: COVAXGAVI Vaccine AllianceSeth BerkleyWHO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Over 105K crypto investors liquidated as Bitcoin drops to $22K
    • Zylus Homes Launches Zylus Court Phase II to Consolidate Efforts in Tackling Housing Deficit in Nigeria
    • Nigeria’s central bank says eNaira has recorded N4billion transactions and 200,000 users since 2021 launch

    Follow us on social media:

    Recent News

    3 cryptos to invest in May 2022: Parody Coin (PARO), Cosmos (ATOM), and Chainlink (LINK)

    Over 105K crypto investors liquidated as Bitcoin drops to $22K

    August 19, 2022
    Zylus Homes Launches Zylus Court Phase II to Consolidate Efforts in Tackling Housing Deficit in Nigeria

    Zylus Homes Launches Zylus Court Phase II to Consolidate Efforts in Tackling Housing Deficit in Nigeria

    August 19, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com