thenews.com.pk 20 Sep, 2020 05:15 am

Rich nations to monopolise vaccines production

Rich nations to monopolise vaccines production
WASHINGTON: A small group of rich nations have already bought up more than half of all vaccines expected to be produced in the near future, leaving most of the world’s population with very...

National September 20, 2020 WASHINGTON: A small group of rich nations have already bought up more than half of all vaccines expected to be produced in the near future, leaving most of the world’s population with very little, according to the development NGO Oxfam, foreign media reported.The NGO found that 51% of the first wave of production of all of the vaccines together have already been earmarked for countries that represent only 13% of the world’s population.“Even in the extremely unlikely event that all five vaccines succeed, nearly two thirds (61 percent) of the world’s population will not have a vaccine until at least 2022,” the NGO said in a press release.The only problem is that the company, despite outsourcing, will still only be able to supply 38% of the world’s population – and half of that if it turns out its vaccine requires a double dose.

There are currently five leading candidates for a vaccine against the coronavirus SARS-CoV-2, which causes the disease known as Covid-19.One of the leading candidates for a vaccine, Moderna, has stated clearly it intends to make a profit from its vaccine, despite having received €2.

Read full story at thenews.com.pk