Vaccine Hoarding Set to Backfire on Rich Nations as India Reels
Apr 27 2021, 5:33 PM
April 27 2021, 2:46 PM
April 27 2021, 5:33 PM
(Bloomberg) For months, developed economies have hoarded Covid-19 vaccines and the raw materials needed to make them. Now, theyâre being forced to act as an explosive outbreak in India raises the risk of new virus mutations that could threaten the wider world.
(Bloomberg) For months, developed economies have hoarded Covid-19 vaccines and the raw materials needed to make them. Now, theyâre being forced to act as an explosive outbreak in India raises the risk of new virus mutations that could threaten the wider world.
Vaccine Hoarding May Backfire on Rich Nations as India Reels
Bloomberg 4 hrs ago Bhuma Shrivastava and Chris Kay
(Bloomberg) For months, developed economies have hoarded Covid-19 vaccines and the raw materials needed to make them. Now, they’re being forced to act as an explosive outbreak in India raises the risk of new virus mutations that could threaten the wider world.
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Under mounting criticism for dominating vaccine resources, the U.S. said this week that it will help India by sending items needed to manufacture vaccines as part of an aid package. European countries are also pledging help as new cases in the South Asian country smash world records. President Joe Biden’s administration is separately vowing to share its stockpile of AstraZeneca Plc vaccines which the U.S. hasn’t even approved for use and meeting with drug companies about boosting supply and waiving intellectual property protections on Covid-19 shots, a shift India
Read more about Rich countries vaccine nationalism to backfire as Covid worsens in India on Business Standard. Variants emerging in India pose worldwide threat, experts say; India s vaccine shortages in part blamed on US export curbs
NEW DELHI - Caving under increasing public criticism for failing to act and help India fight a devastating second Covid-19 wave, the United States rolled out a series of belated supportive measures, including sending over raw material required for the production of Covid-19 vaccines in India.
A White House readout of a phone call on Monday (April 26) between US President Joe Biden and Indian Prime Minister Narendra Modi said the US has begun providing a range of emergency assistance, including oxygen-related supplies, vaccine materials, and therapeutics.
The export of these materials, such as single-use bioreactor bags and filters, was severely curtailed after the Biden administration invoked powers under the Defence Production Act (DPA), a Korean War-era law, in January to ensure a sustainable public health supply chain . It was done to bolster production of vaccines and other items such as testing kits and protective equipment in the US.
NEW DELHI (BLOOMBERG) - For months, developed economies have hoarded Covid-19 vaccines and the raw materials needed to make them. Now, they re being forced to act as an explosive outbreak in India raises the risk of new virus mutations that could threaten the wider world.
Under mounting criticism for dominating vaccine resources, the United States said this week that it will help India by sending items needed to manufacture vaccines as part of an aid package. European countries are also pledging help as new cases in the South Asian country smash world records.
US President Joe Biden s administration is separately vowing to share its stockpile of AstraZeneca vaccines - which the US hasn t even approved for use - and meeting with drug companies about boosting supply and waiving intellectual property protections on Covid-19 shots, a shift India and South Africa have been pushing for.