Australian PM announces deal for 84 mln doses of coronavirus vaccine

Australian PM announces deal for 84 mln doses of coronavirus vaccine”

Australia in August said it would buy the AstraZeneca vaccine, but the deal appeared in some doubt in August after CSL said it was prioritising its own rival vaccine.

"By securing the production and supply agreements, Australians will be among the first in the world to receive a safe and effective vaccine, should it pass late-stage testing".

"It's the intention of the company to prioritize the countries that contribute to the development of the vaccine and that will have patients participating in the trials, yes", he added in an interview with Reuters on Thursday.

Should both vaccines pass clinical trials, Australia will spend A$1.7 billion (935.04 million pounds) for a total of almost 85 million doses, Morrison said.

In a statement released late on Sunday, the Federal Government said that contingent on the outcome of ongoing trials, vaccines would be made available "progressively" throughout 2021, following a $1.7 billion supply and production agreement with pharmaceutical companies AstraZeneca and CSL/Seqirus.

Australia will receive the first doses of an AstraZeneca and Oxford University COVID-19 vaccine in January 2021 if trials prove successful, after Canberra agreed a deal to purchase a second potential vaccine, Prime Minister Scott Morrison will say on Monday.

Trials are also underway for the University of Queensland vaccine, and if they are positive, then it will be available from mid-2021.

More news: Donald Trump Bans Racial Sensitivity Training Labeling It "Anti-American Propaganda"

The Oxford vaccine doses are expected to cover as many as 16.9 million people, with the UQ vaccine doses to cover 25.5 million.

Federal Treasurer Josh Frydenberg on Monday announced Australia would extend its temporary insolvency and bankruptcy protection rules until the end of this year, barring creditors can not issue bankruptcy notices to businesses for debts below A$20,000.

Each person would have a dose of one vaccine followed by a second dose of the same one within a few weeks. Should both vaccines prove successful, Australia has secured to right to donate or sell on without a mark-up.

"Together with partners including the University of Queensland and Coalition for Epidemic Preparedness (CEPI), our development and manufacturing teams have been working extremely hard to advance this program to ensure the availability of a safe and effective vaccine should clinical studies prove successful", he said. Phase 1 clinical trials for the UQ vaccine began in mid-July in Brisbane.

Many centers were bracing for the selection of candidates for Phase II human trials, which was earlier scheduled to begin in the first week of September.

MENAFN provides the information "as is" without warranty of any kind.

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