South Africa paying more than double EU price for Oxford-AstraZeneca’s vaccine

- Advertisement -

PRETORIA, South Africa (CU)_South Africa will have to purchase doses of Oxford-AstraZeneca’s COVID-19 vaccine at a price more than 2 times higher than most European countries, the country’s health minister says.

South Africa, the worst-hit country in the continent, has ordered 1.5m doses of the vaccine from the Serum Institute of India (SII), which according to a senior health official, would cost $5.25 (€4.32) per dose, nearly 2.5 times the amount paid by European nations.

Previously, a Belgian minister leaked it on Twitter that the European Union members purchase the vaccine at $2.16 (€1.78) each. Although AstraZeneca France has said that its shots would be capped at €2.50 (around $3) per dose, the company has not yet responded to the claims made by South Africa.

According to Anban Pillay, South Africa’s deputy director general of health, a lower price was quoted to European countries since they contributed to the vaccine’s research and development. “The explanation we were given for why other high-income countries have a lower price is that they have invested in the [research and development], hence the discount on the price,” Pillay said.

However, it is noteworthy that around 2,000 South Africans participated in clinical trials for the vaccine last year.

Meanwhile, the World Health Organization (WHO) has warned against “vaccine nationalism” and “price gouging”, as the agency says deals between wealthier nations and vaccine manufacturers have raised concern over price rises.

South Africa is currently battling with a second wave of infections fuelled by a new and more transmissible COVID-19 variant discovered in the country. According to the country’s Ministry of Health, South Africa has registered more than 1.38 million COVID-19 infections and 39,500 virus-induced deaths, since the beginning of the pandemic.

The government aims to vaccinate two-thirds of its population of nearly 60 million people, in order to achieve herd immunity by the end of 2021.

Hot this week

What Changes Could the Czech Republic See Under Babiš’s New Majority Coalition?

Andrej Babiš has returned to the helm of the...

Meet the Loafers: Turning Celebrities into Accidental Twins

There is an unspoken language of style that seems...

Will Australia’s Under-16 Social Media Ban Actually Protect Teens—or Create Bigger Problems?

Australia introduced its groundbreaking regulatory measure, effective 10 December...

How Might UK–Cyprus Cooperation on Security Shape the Next Phase of Cyprus’s Tourism Industry?

The United Kingdom (UK) and Cyprus have recently developed...

Cyclone Ditwha’s aftermath: How the world stands with Sri Lanka in its darkest hour!

Cyclone Ditwah hits Sri Lanka Sri Lanka (Commonwealth Union)_ Cyclone...
- Advertisement -

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories

Commonwealth Union
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.