Activists urge 'Big Pharma' to be transparent on COVID-19 vaccine costs

By Stephanie Nebehay GENEVA (Reuters) - Activists called on pharmaceutical companies on Thursday to be transparent about the costs and terms of providing COVID-19 vaccines, saying they must be available and affordable for all. French drugmaker Sanofi and Britain's GlaxoSmithKline said on Wednesday they would supply 200 million doses of their COVID-19 candidate vaccine to the global COVAX vaccine facility backed by the World Health Organization (WHO) and the GAVI vaccine alliance

Reuters October 30, 2020 00:06:20 IST
Activists urge 'Big Pharma' to be transparent on COVID-19 vaccine costs

COVID-19 vaccine costs" src="https://images.firstpost.com/wp-content/uploads/reuters/10-2020/30/2020-10-29T094346Z_1_LYNXMPEG9S0RH_RTROPTP_2_HEALTH-CORONAVIRUS-VACCINE-NEXT.jpg" alt="Activists urge Big Pharma to be transparent on COVID19 vaccine costs" width="300" height="225" />

By Stephanie Nebehay

GENEVA (Reuters) - Activists called on pharmaceutical companies on Thursday to be transparent about the costs and terms of providing COVID-19 vaccines, saying they must be available and affordable for all.

French drugmaker Sanofi and Britain's GlaxoSmithKline said on Wednesday they would supply 200 million doses of their COVID-19 candidate vaccine to the global COVAX vaccine facility backed by the World Health Organization (WHO) and the GAVI vaccine alliance.

Medecins Sans Frontieres (Doctors Without Borders) demanded the two companies provide details around price, supply and distribution of any vaccine proven safe and effective.

"Pharmaceutical corporations Sanofi and GSK must sell their vaccines at-cost and open their books to show the public exactly how much it costs to make the vaccine," said Kate Elder, senior vaccines policy adviser at MSF's Access Campaign.

"There is no room for secrets during a pandemic and past experience tells us that we can't take pharma at their word without data to back up their claims," she said in a statement.

Sanofi spokesman Nicolas Kressmann said in a response to Reuters: "Sanofi and GSK will apply a tiered pricing for COVAX, whereby lower income countries are intended to pay significantly lower prices for the adjuvanted vaccine than higher income countries.

"The details of the contracts and discussions we are engaged in are confidential," he added.

No company has shared information on research and development, clinical trials or manufacturing costs of potential COVID-19 vaccines, MSF said, adding this was vital for the public to assess prices set.

More than half of the expected volume of doses of leading candidate vaccines has been bought up by 13% of the world, mainly high-income countries, the medical charity said.

Human Rights Watch, in a separate report, said governments funding vaccines with public money should be transparent about terms and conditions attached.

The New York-based group urged states to back a proposal by India and South Africa to wave some aspects of intellectual property (IP) rules on patents to enable large-scale manufacturing and affordability.

A temporary IP waiver was debated this month in the World Trade Organization (WTO), but was opposed by the United States, European Union, Britain, Switzerland and others.

"In these difficult times the best health technologies and discoveries cannot be reserved only for a few, they must be available to all," WHO director-general Tedros Adhanom Ghebreyesus said at a UNESCO event on "Open Science" on Tuesday.

"Sharing data and information that is often kept secret or protected by intellectual property could significantly advance the speed at which technologies are developed," Tedros added.

(Additional reporting by Matthias Blamont in Paris; Editing by Mark Potter and David Evans)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.