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    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

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    France launches mandatory online visa appointments for travelers

    France launches mandatory online visa appointments for travelers

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

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    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

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    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

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    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

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    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

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    How Donald Trump won the 2024 U.S Presidential Election

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    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

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Home Opinion & Analysis Editorials

How Covid-19 Vaccine will be distributed as Bill Gates guarantees early supply to Lower Income countries

Wednesday, 15 July 2020, 11:08 am
in Editorials
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Covid-19 Vaccine Trial by Pfizer show signs of hope
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AstraZeneca, a British drug manufacturer doubled production capacity for its potential vaccine for Covid-19, after striking a number of deals that include two health organisations backed by Bill and Melinda Gates. The deals with Bill Gates backed organizations worth $750 million is to guarantee early supply of the vaccine to lower income countries.

The company increased its manufacturing capacity for the potential vaccine named AZD1222, to 2 billion doses. The vaccine (AZD1222), previously known as ChAdOx1 nCoV-19, was developed by the University of Oxford and licensed to AstraZeneca.

Under the deals agreed in June, the company will supply 300 million doses of the Potential vaccine to Coalition for Epidermic Preparednes Innovations (CEPI) and Vaccine Alliance GAVI, according to AstraZeneca Chief Executive Officer Pascal Soriot. Delivery of the 300 million doses is set to start by the end of 2020.

The deals are backed by the World Health Organization (WHO) and aim to quell concerns that the company was committing all initial supplies of the vaccine to the developed world.

The potential vaccine is currently under phase trial according to data available on the World Health Organization Website. It is one of the 23 candidate vaccines under clinical evaluation.

  • Read more; Covid-19 Vaccine Trial by Pfizer show signs of hope
  • China to start Covid-19 Vaccine trial in Brazil 

Soriot also said that AstraZeneca had also agreed a license with the Serum Institute of India, world’s largest manufacturer of vaccines by volume,  to supply 1 billion doses “principally for low-income and middle-income countries.”

Since India is in the category of these countries, it is unclear, what quantity of the potential vaccine will be kept for use in the country. However, the remainder will be distributed by GAVI to lower income countries.

Other deals the drug maker has signed include the supply of the first 300 million doses of the potential vaccine to the U.S according to the agreement it has with the White House. The deal with White House which backs testing and production is said to be worth over $1 billion.

The company also signed a deal with UK to supply 100 million doses to country.

AstraZeneca also said it has reached agreement with Europe’s Inclusive Vaccines Alliance (IVA) spearheaded by Germany, France, Italy and the Netherlands to supply up to 400 million doses of the potential vaccine by the end of 2020.

The IVA is committed to providing equitable access to all participating countries across Europe.

Read more; UK bans Huawei from its 5G Networks

The potential vaccine is still under clinical trial and evidence of immunity to the new coronavirus is yet to be produced in ongoing trials with result expected in August.

However according to the CEO, said production will start nonetheless to be ready for mass roll-out once regulatory approval is given.

Soriot said, “you can’t spend your time wondering if is it going to work. We have to commit. That’s what we do in the industry, we bet on something. We are completely committed to the vaccine programme to deliver,” according to World Economic Forum report.

On Tuesday, IQVIA Holdings Inc, Life sciences company said it would collaborate with AstraZeneca to speed up clinical studies of its potential COVID-19 vaccine in the United States.

The agreement includes an expansive study of trial participants and will use IQVIA’s virtual trial solutions that would make parts of the study remote.

About AstraZeneca

The company is a global, science-led Biopharmaceutical company that focuses on the discovery, development and commercialization of prescription medicines, primarily for the treatment of diseases in three therapy areas – Oncology, Cardiovascular, Renal & Metabolism, and Respiratory & Immunology.

AstraZeneca is based in Cambridge, UK and operates in over 100 countries.

Update

Cases of Covid-19 rose by 463 in Nigeria on Tuesday while number of deaths increased by 10. Total of 33,316 cases have been confirmed in the country with 13,792 recoveries and 754 deaths.

However, the number of infections in Nigeria is under-reported due to inadequate number of testing in the country. Total of 186,309 samples only have been tested in Nigeria since the outbreak began according to NCDC.

Globally, 13,323,530 cases have been confirmed with 7,399,310 recoveries and 578,628 deaths according to John Hopkins Coronavirus Resource Centre.

Written by;

Ifunanya Ikueze

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