Due to export restrictions placed on Serum Institute of India (SII), a key supplier, and scale-up challenges at manufacturing sites, COVAX has cut the forecast for the availability of Covid-19 vaccine doses by 25% for 2021. COVAX is a multilateral initiative aimed at fostering access of Covid-19 vaccines globally.
By the end of August, 330 million doses had been released for delivery, with 230 having been delivered to 139 participating economies. As per the latest supply forecast, 1.1 billion doses are expected to become available for delivery between September and the end of 2021. This amounts to a total of approximately 1.4 billion doses available for 2021.
Of these 1.4 billion doses, approximately 1.2 billion will be available for Advance Market Commitment (AMC) participants. This is equivalent to 20% population coverage, or 40% of the adult population in all 92 AMC economies bar India, COVAX said in a statement, adding that the supply will continue to expand in the first quarter of 2022, reaching a total of 2.6 billion doses available for supply by the end of March.
COVAX added that the timing and the likelihood of filing and getting the approval from a stringent regulatory authority for vaccines produced by Novavax, SII-Novavax and Clover which is already on WHO’s Emergency Use Listing (EUL), are some of the other reasons for the reduction in expected vaccine doses. These issues have affected the supply of Johnson & Johnson and AstraZeneca vaccine, which is being manufactured in India under the brand name Covishield by SII. In the COVAX portfolio, there are 11 vaccines including Covishield.
Time and again the Indian government has reiterated that it has not banned the exports of Covid-19 vaccines, but has taken a cautious approach in shipments, keeping the domestic demand in mind.
Reportedly, India has supplied to more than 80 countries across the world.
Download Money9 App for the latest updates on Personal Finance.
Know the reason why onion prices are falling and current problems faced by onion farmers
Updated: August 5, 2022Why clothes are not becoming cheaper despite fall in cotton prices?
Updated: August 4, 2022When will attrition in IT Sector and Tech Startups stop?
Updated: August 3, 2022How will government’s decision to implement 5% GST on non-branded food items impact you?
Updated: August 2, 2022Lock in period of these IPOs is near; will these stocks also end up like Zomato?
Updated: July 29, 2022What has caused pulses price increase despite record production?
Updated: July 29, 2022Banks NPAs have reduced to six year low levels, but do you know the real reason behind it?
Updated: July 28, 2022Wheat prices have again started to increase despite export ban
Updated: July 27, 2022