Newsdeck

Newsdeck

CanSinoBIO offered tens of millions of COVID-19 vaccine doses to COVAX -exec

Vaccine research has accelerated on an unprecedented, although welcomed, basis, with over 200 vaccine candidates in various stages of clinical research. (Photo: EPA-EFE/ANATOLY MALTSEV)

BEIJING, March 25 (Reuters) - China's CanSino Biologics Inc (CanSinoBIO) has proposed supplying "tens of million of doses" of its single-dose COVID-19 vaccine to global vaccine sharing scheme COVAX, a senior company executive said.

China has four locally developed COVID-19 vaccines approved for public use and pledged earlier to supply 10 million doses to COVAX without specifying the time frame of delivery. CanSinoBIO, Sinovac Biotech Ltd and China National Pharmaceutical Group Co Ltd (Sinopharm) have applied to join the initiative.

Pierre Morgon, senior vice president at CanSinoBIO, said the firm made the proposal in December to supply vaccines between late 2021 and the end of 2022.

“We are happy to go beyond 2022 if there was still an expectation to do so,” he told Reuters in an interview, adding it made its offer at a middle single digit U.S. dollar per dose.

“I can’t tell you the exact number, but I can tell you, it’s a very competitive price,” Morgon said.

The offering to COVAX, which is backed by the World Health Organization (WHO), is the lowest price in the “tiered pricing mechanism” that CanSinoBIO uses in markets outside China, where richer countries are subject to higher prices.

There is a more than threefold factor difference between the highest price offer and the lowest, Morgon said.

Its vaccine, jointly developed with China’s military research institute, is approved for use in China, Pakistan, Hungary and Mexico.

The three Chinese vaccine makers are still awaiting decisions on whether they can be included in the WHO’s Emergency Use Listing, a prerequisite to join COVAX. (Reporting by Roxanne Liu and Ryan Woo; Editing by Miyoung Kim and Christopher Cushing)

Information pertaining to Covid-19, vaccines, how to control the spread of the virus and potential treatments is ever-changing. Under the South African Disaster Management Act Regulation 11(5)(c) it is prohibited to publish information through any medium with the intention to deceive people on government measures to address COVID-19. We are therefore disabling the comment section on this article in order to protect both the commenting member and ourselves from potential liability. Should you have additional information that you think we should know, please email [email protected]

Gallery

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Daily Maverick Elections Toolbox

Feeling powerless in politics?

Equip yourself with the tools you need for an informed decision this election. Get the Elections Toolbox with shareable party manifesto guide.