Health Care

China joins COVAX, UN-backed global COVID-19 vaccine facility

China joins COVAX, UN-backed global COVID-19 vaccine facility”

China has signed an agreement with Gavi, the Vaccine Alliance, to officially join the global vaccine facility known as COVAX led by the World Health Organization (WHO), Foreign Ministry Spokesperson Hua Chunying said on Friday.

"We are taking this concrete step to ensure equitable distribution of vaccines, especially to developing countries, and hope more capable countries will also join and support COVAX".

It is not yet clear the exact terms of the agreement and how China will contribute.

The government has said it may have a coronavirus vaccine available as early as next month and Hua said developing countries would be given priority. It is among the drugs being used to treat U.S. President Donald Trump, who tested positive for coronavirus last week.

China is the biggest economy to back the initiative so far. But neither the United States nor Russian Federation have joined the programme. A recent survey conducted by the Pew Research Center found that negative views of China have risen sharply in 2020 in some countries.

More news: Boeing Test Flight: Astronaut Steps Down From Mission For 'Personal Reasons'

She gave no details on how much money China would commit to the deal, which has a fundraising goal of $2 billion and aims to provide 92 low and middle-income countries with a future vaccine.

What remains to be seen is how China will engage with the alliance, said Dr. Gagandeep Kang, the vice chair of the Board of the Coalition for Epidemic Preparedness Innovations, or CEPI.

AstraZeneca could start profiting from its COVID-19 vaccine as soon as July next year, the Financial Times reported on Wednesday, citing a memo showing the British drugmaker can declare when it considers the pandemic to have ended.

"From the outset, AstraZeneca's approach has been to treat the development of the vaccine as a response to a global public health emergency, not a commercial opportunity", the drugmaker said in a statement on Thursday.

The World Health Organization-led COVAX has the goal to deliver nearly two billion doses of vaccine by the end of 2021, Reuters noted.



Like this

loading...
loading...

Latest


09 October 2020
Six militia members plotted to kidnap Mich. Gov. Gretchen Whitmer
The video was posted in June, after Trump repeatedly attacked Whitmer over her coronavirus restrictions. Whitmer's stay-at-home order, created to slow the spread of the coronavirus.

09 October 2020
AC/DC Drop New Single 'Shot In The Dark'
The last had to be interrupted by Johnson's illness and resumed with the bombing of Axl Rose , leader and singer of Guns N 'Roses .

09 October 2020
Blackpink Netflix Documentary: Release Date, Trailer And What To Expect
A week later and the video has over 130 million views, the 10th music video from the girl group to cross 100m on YouTube . BLACKPINK reportedly sold an impressive 590K albums on the first day of its release - October 2, 2020.

09 October 2020
USA hits Iran's financial sector with fresh round of sanctions
Far from forcing Iran back to the negotiating table, USA sanctions are likely to strengthen Iranian leaders opposed to compromise, some now fear.

09 October 2020
Dartmouth company gets more federal funding for COVID-19 vaccine development
In recent months, Beijing had been sending positive signals, suggesting it would take part in the Covax program, without committing outright.

09 October 2020
Instagram to hide offensive comments, expand nudge warnings
Having left behind a major milestone, Instagram will also offer users a number of new features to celebrate this important day. The platform automatically deletes posts and comments that are pornographic, praise organized crime or threaten physical harm.

09 October 2020
Big Tech has a monopoly on power, says US House report
While Republicans see numerous proposals from their Democratic counterparts as "non-starters", they have their eye on the companies for a different reason.

09 October 2020
Kristen Stewart opens up about feeling 'enormous pressure' to publicly come out
Speaking to Deadline , Larraín said. "To do this well, you need something very important in film, which is mystery". The film is said to explore the pivotal moment the Princess of Wales chose to divorce her husband, Prince Charles.

09 October 2020
England's Hatton shares lead at Wentworth
Open, said it was a treat to compete on the European Tour. "Such a relief being able to practice how I want to", Hatton said. Despite needing on-course treatment for back spasms, Ian Poulter finished birdie, birdie, eagle to return a 69.

09 October 2020
FBI Thwarts Terrorist Plot to Kidnap Michigan Governor Gretchen Whitmer
Militia members were among those that took to the streets in April to protest the various rules . Constitution, including the government of MI and Governor Gretchen Whitmer ".