Pfizer, BioNTech In Deal With U.S. To Provide 500 Mln More COVID-19 Vaccine Doses For Donation

COVID-19 vaccine makers Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced Wednesday plans to expand their agreement with the U.S. Government to provide further 500 million doses of the COVID-19 vaccine for donation.

The vaccine doses will be supplied to the Government at a not-for-profit price for donation to low- and lower-middle-income countries and the organizations that support them.

The U.S. government will allocate the vaccine doses to 92 low- and lower-middle-income countries as defined by Gavi's COVAX Advanced Market Commitment (AMC) and the 55 member states of the African Union. Deliveries of the initial 500 million doses began in August 2021.

The companies' current plan is to produce these doses in Pfizer's U.S. facilities located in Kalamazoo, MI, Andover, MA, Chesterfield, MO, and McPherson, KS.

With this, the total number of doses to be supplied to the U.S. government for donation to these countries has reached one billion. These doses are expected to be delivered by the end of September 2022.

Pfizer and BioNTech have also pledged to provide two billion doses to low- and middle-income countries in 2021 and 2022 - at least one billion each year. In addition to the supply agreement with the U.S. government, this includes direct supply agreements with individual country governments and a direct supply agreement with COVAX for 40 million doses in 2021.

Overall, the companies have shipped more than 1.5 billion COVID-19 vaccine doses worldwide. In nine months, Pfizer and BioNTech delivered COVID-19 vaccine to 130 countries and territories in every region of the world.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
HSBC Holdings Plc shares were gaining In London trading as well as in pre-market activity on the NYSE after the Asia-focused lender backed its positive outlook after reporting significantly higher third-quarter profit. Further, the company announced share buyback of $2 billion, which will be commenced shortly. Walmart is recalling certain Aromatherapy Room Spray due to the possible presence of a rare and dangerous bacteria that is suspected to be behind two deaths in the United States, the U.S. Consumer Product Safety Commission said. The recall involves about 3,900 bottles of Better Homes and Gardens-branded Essential Oil Infused Aromatherapy Room Spray with Gemstones in six different scents. Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port.
Follow RTT