sunny.png
Sunday August 1st, 2021 1:19PM

AP Interview: India bars virus vaccine maker from exporting

By The Associated Press
Related Articles
  Contact Editor

NEW DELHI (AP) — India will not allow the export of the Oxford University-AstraZeneca coronavirus vaccine for several months, the head of Serum Institute of India, which has been contracted to make 1 billion doses of the vaccine for developing nations, said Sunday.

With rich nations reserving most of the vaccines that will be made this year, Serum Institute — the world’s largest vaccine manufacturer — is likely to make most of the inoculations for developing countries. The ban on exports, however, means that poorer nations will probably have to wait a few months before receiving their first shots.

The vaccine was granted emergency authorization by the Indian regulator on Sunday, but on the condition that Serum Institute doesn't export the shots to ensure that vulnerable populations in India are protected, Adar Poonawalla, the company's CEO, said in a phone interview with The Associated Press.

He said that the company also has been barred from selling the vaccine on the private market.

“We can only give (the vaccines) to the government of India at the moment,” Poonawalla said, adding the decision was also made to prevent hoarding.

As a result, he said, the export of vaccines for COVAX — the ambitious initiative created to ensure equitable access to COVID-19 vaccines set up by the World Health Organization, vaccines alliance GAVI and CEPI, a global coalition to fight epidemics — won't begin until March or April.

Poonawalla said that Serum Institute was in the process of signing a larger contract with COVAX for 300 million-400 million doses of the vaccine. That is apart from two existing orders of 100 million doses each for the vaccine developed by Oxford University and AstraZeneca, and another one from Novovax. He said the deal would be finalized in the coming weeks.

He said the first 100 million doses of the vaccine were being sold to the Indian government at a “special price” of 200 rupees ($2.74) per dose, after which prices would be higher. The vaccine will be sold on the private market at 1,000 rupees ($13.68) per dose. He said vaccines could be delivered to Indian states where they were needed within seven to 10 days of the company finalizing a deal with India's government.

Poonawalla said his company was planning to give 200 million to 300 million doses of the vaccine to COVAX by December 2021. He acknowledged that the company would have to balance distribution of vaccines between India and COVAX.

“We can’t vaccinate everybody right now. We can prioritize,” he said.

Serum Institute is also negotiating bilateral agreements with individual countries including Bangladesh, Saudi Arabia and Morocco, Poonawalla said. “So that at least the most vulnerable in the states of our country or in other parts of other countries are taken care off,” he said.

Poonawalla said that even if all the plans by different global vaccine manufacturers were to succeed, he still anticipates a global shortage for coronavirus vaccines over the next year.

___

The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.

  • Associated Categories: Associated Press (AP), AP Health, AP World News, AP Business, AP Business - Economy, AP Business - Industries, AP Business - Health Care
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
AP Interview: India bars virus vaccine maker from exporting
The Serum Institute of India has been contracted to make 1 billion doses of the Oxford University-AstraZeneca coronavirus vaccine
7:52PM ( 4 minutes ago )
Wolford, defense lead Rams past Arizona 18-7, into playoffs
John Wolford passed for 231 yards and rushed for 56 more in his NFL debut, and the Los Angeles Rams are headed to the playoffs with an 18-7 victory over the Arizona Cardinals
7:44PM ( 11 minutes ago )
Congress opens new session as virus, Biden's win dominate
Congress has convened for a new session with lawmakers sworn into office during a tumultuous period
7:37PM ( 19 minutes ago )
Associated Press (AP)
The Latest: Wyoming bars, restaurants to resume normal hours
Bars and restaurants across Wyoming will be allowed to return to normal operating hours beginning Jan. 9 as COVID-19 hospitalizations decline in the state
7:15PM ( 40 minutes ago )
The Latest: Texas hospitalizations hit yet another record
Texas has hit a new record high for COVID-19 hospitalizations as a surge in the disease caused by the coronavirus continued to strain state medical resources following holiday travel and gatherings
6:01PM ( 1 hour ago )
Fauci: Vaccinations are ramping up in a `glimmer of hope'
Federal health officials say the U.S. ramped up COVID-19 vaccinations in the past few days after a slower-than-expected start, bringing to the number of shots dispensed to about 4 million
5:17PM ( 2 hours ago )
AP Health
The Latest: Nancy Pelosi reelected speaker of the House
House Speaker Nancy Pelosi has retained her hold on the House’s top job
5:28PM ( 2 hours ago )
Cuts likely as Fiat Chrysler-PSA tie-up nears approval
Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday to vote on a merger that will create the world's fourth-largest automaker
11:06AM ( 8 hours ago )
Small-town Alabama resident transformed to protest leader
A Black woman who says she gained new racial awareness after leaving her majority-white hometown in Alabama is now leading protests against a Confederate monument in the city
10:52AM ( 9 hours ago )
AP Business
New governor sworn in as a wary Puerto Rico demands changes
Puerto Rico's new governor is vowing to achieve statehood for the U.S. territory and fight against poverty, corruption and COVID-19
4:31PM ( 1 day ago )
Trump vetoes Calif. fishing bill over seafood trade deficit
President Donald Trump has vetoed a bill that would have gradually ended the use of large-mesh drift gillnets used exclusively in federal waters off the coast of California
7:13PM ( 2 days ago )
Biden's pick to lead Treasury made over $7M in speaking fees
President-elect Joe Biden’s choice to be treasury secretary, Janet Yellen, collected more than $7 million in speaking fees in 2019 and 2020 from major financial firms and tech giants including Citi, Goldman Sachs and Google
1:48PM ( 2 days ago )
AP Business - Economy
The Latest: UK hits virus case record for 5th straight day
The U.K. has registered a record 57,725 daily coronavirus cases
2:28PM ( 1 day ago )
The Latest: U.K. hits record 57,725 daily virus cases
The U.K. has registered a record 57,725 daily coronavirus cases
12:34PM ( 1 day ago )
The Latest: Greece tightens lockdown for next week
Greece has tightened its lockdown for the next week, closing retail shops, hairdressers and bookshops
11:34AM ( 1 day ago )
AP Business - Industries
The Latest: Britain braces for new spike in virus cases
British hospitals around the country face a perilous situation this month
3:15PM ( 2 days ago )
VIRUS TODAY: California struggles to tame COVID-19
After months of serving as a role model in the fight against COVID-19, California has seen infections race out of control for weeks
2:05PM ( 2 days ago )
The Latest: US hits 20 million mark in coronavirus cases
The number of confirmed U.S. coronavirus cases has surpassed 20 million
1:27PM ( 2 days ago )
AP Business - Health Care
Wolford, defense lead Rams past Arizona 18-7, into playoffs
John Wolford passed for 231 yards and rushed for 56 more in his NFL debut, and the Los Angeles Rams are headed to the playoffs with an 18-7 victory over the Arizona Cardinals
7:44PM ( 11 minutes ago )
Congress opens new session as virus, Biden's win dominate
Congress has convened for a new session with lawmakers sworn into office during a tumultuous period
7:37PM ( 19 minutes ago )
Derrick Henry becomes 8th player with 2,000 yards rushing
Tennessee’s Derrick Henry became the eighth player in NFL history to run for 2,000 yards in a season
7:36PM ( 20 minutes ago )
The Latest: Derrick Henry has 5th-best season in NFL history
Derrick Henry of the Tennessee Titans now has the fifth-best rushing total in NFL history
7:35PM ( 21 minutes ago )
Saints rout Panthers 33-7 to earn No. 2 seed in NFC playoffs
Drew Brees threw for 201 yards and three touchdowns, the Saints had five interceptions and New Orleans defeated the Carolina Panthers 33-7 to wrap up the No. 2 seed in the NFC playoffs
7:34PM ( 21 minutes ago )