Pfizer supply chain challenges led to slashing COVID-19 vaccine production target - WSJ

(Reuters) - Challenges in Pfizer Inc's supply chain for its COVID-19 vaccine played a role in its decision to slash its 2020 production target, the Wall Street Journal reported on Thursday.

Reuters December 04, 2020 04:05:08 IST
Pfizer supply chain challenges led to slashing COVID-19 vaccine production target - WSJ

Pfizer supply chain challenges led to slashing COVID19 vaccine production target  WSJ

(Reuters) - Challenges in Pfizer Inc's supply chain for its COVID-19 vaccine played a role in its decision to slash its 2020 production target, the Wall Street Journal reported on Thursday.

Pfizer has said in recent weeks that it anticipates producing 50 million doses of its COVID-19 vaccine this year. That is down from an earlier target of 100 million doses. Pfizer's vaccine relies on a two dose regimen, meaning 50 million doses is enough to inoculate 25 million people.

A company spokeswoman told the Journal "scaling up the raw material supply chain took longer than expected." She also cited later-than-expected results from Pfizer's clinical trial as a reason for the company's reduced expectations for vaccine production this year, the Journal reported.

The Journal reported that an unnamed person directly involved in the development of the Pfizer vaccine said “some early batches of the raw materials failed to meet the standards," which caused production delays.

Pfizer applied in November for emergency authorization for its COVID-19 vaccine from U.S. regulators. U.S. officials said they expect its vaccine to get regulatory clearance this month. The U.S. government expects its first allocation of the vaccine to include 6.4 million doses, with more to follow.

Regulators in the U.K. have already authorized Pfizer's vaccine for use in that country.

Pfizer did not immediately respond to a request for comment on the Journal's story.

(Reporting by Carl O'Donnell, editing by Peter Henderson and David Gregorio)

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.