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  • UK vaccine summit...

UK vaccine summit raises USD 8.8 billion for immunization

Ruchika SharmaWritten by Ruchika Sharma Published On 2020-06-07T10:00:37+05:30  |  Updated On 14 Feb 2024 4:02 PM IST
UK vaccine summit raises USD 8.8 billion for immunization
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Thursday's event, which raised $8.8 billion, exceeding its target, was a pledging conference for the vaccines alliance GAVI, which says the funds will be used to vaccinate about 300 million children in dozens of countries against diseases like malaria, pneumonia, and HPV.

London: A vaccine summit hosted by the British government on Thursday raised billions of dollars to immunize children in developing countries as experts wrestled with the difficult question of how any potential vaccine against the new coronavirus might be distributed globally - and fairly.

The United Nations and the International Red Cross and Red Crescent Movement have urged that "a people's vaccine" be developed for COVID-19 that would be freely available to everyone, calling it a "moral imperative."

Thursday's event, which raised $8.8 billion, exceeding its target, was a pledging conference for the vaccines alliance GAVI, which says the funds will be used to vaccinate about 300 million children in dozens of countries against diseases like malaria, pneumonia, and HPV.

GAVI also announced a new "advance market commitment" mechanism to enable developing countries to get any effective COVID-19 vaccine when available. It hopes to raise an additional $2 billion for that effort, to immunize health care workers as well as high-risk individuals, and create a buffer of doses to be used where needed most.

But experts pointed out that the unprecedented pandemic - where arguably every country will be clamoring for a vaccine - may make efforts at fair distribution extremely messy.

The worldwide scramble for masks and ventilators that erupted in the early stages of the outbreak - where France took over the country's mask stocks so they could be given to first responders and others inside the country and the U.S. apparently paid off ventilator shippers to redirect them to the U.S - are not encouraging signs that there will be much global cooperation if and when a coronavirus vaccine is available.

"Rich countries will most likely try to push their way to the front of the queue, leaving poorer countries at the back, and that's a problem," said Jimmy Whitworth, a professor of international public health at the London School of Hygiene and Tropical Medicine.

"I can't imagine any country saying, 'Africa's need is greater than ours, so they can get the vaccine first and we'll remain vulnerable.'"

The urgency of finding a way to stem outbreaks was evident as Brazil reported yet another record number of deaths over the previous 24 hours - 1,349. Brazil's confirmed death toll of more than 32,500 is the world's fourth-highest and is considered a significant undercount due to insufficient testing.

India, meanwhile, reported a record number of infections - 9,304, with 260 deaths - as its tally of fatalities surpassed 6,000 and its number of infections rose to nearly 217,000, the world's seventh highest.

Neighboring Pakistan reported over 4,000 new cases and 82 deaths as its confirmed cases surpassed neighboring China, jumping to 85,264. The spike came weeks after Prime Minister Imran Khan overrode warnings from experts and eased a lockdown.

Ahead of the vaccine gathering, philanthropist Bill Gates said there were potential solutions to the growing tide of vaccine nationalism - like when the CEO of Sanofi suggested the U.S. had a right to the first doses of any eventual vaccine because of its significant investment.

"The key to that challenge is having scale and having factories all over the world that are making the vaccines," including multiple factories in Asia, the Americas, and Europe, Gates said.

Gates acknowledged there could be some benefit to countries that funded vital vaccine research but called for a "system of allocating doses to those most at risk, and making sure that even the countries that can't compete financially for that access, that they're considered - their health workers, their elderly."

British Prime Minister Boris Johnson said he hoped Thursday's gathering would mark "the moment when the world comes together to unite humanity in the fight against the disease."

But Michael Head, a senior research fellow in global health at the University of Southampton, noted that in the past such sentiments have not always been backed by action.

"It's one thing to make some sweeping statement about how important equitable access is and that we're all going to play nicely," he said. "But in reality, that can be turned on its head in the weeks and months ahead.

About a dozen vaccine candidates are in the early stages of testing in thousands of people around the world. There are no guarantees any will work but there's increasing hope that at least some could be ready by the end of the year. Oxford University is beginning an advanced study involving 10,000 volunteers; the U.S. is preparing for even larger studies in July that involve 30,000 people each testing different candidates, including Oxford's and one made by the National Institutes of Health and Moderna Inc.

While Oxford scientists say they are committed to making their shot available to all who need it at a fair price, academic Whitworth noted "that doesn't square with the rhetoric coming from British ministers funding it, saying U.K. citizens will be at the front of the queue."

And the U.S. has signed a contract with AstraZeneca, which makes the Oxford vaccine, for 300 million doses.

Vaccine makers know they'll be judged if rich countries buy up all their supply. Thursday, AstraZeneca said it would provide 300 million doses of the Oxford vaccine to GAVI's new financing mechanism to try to ensure equitable access. The doses will be provided when the vaccine is licensed or pre-qualified by the World Health Organization.

"I'm thinking very carefully what would be the best way to make sure that everybody will get a fair share of the supplies that exist as quickly as possible and that in this fairness we will not forget the unprivileged countries," said Pfizer CEO Albert Bourla. "From the human perspective they have equal rights."

As countries such as New Zealand and Australia mark progress in containing the pandemic and work on plans to resume some international air travel, others are having to step up precautions.

In the U.S., where a wave of protests is adding to concerns over possible additional outbreaks, new cases have been surging just weeks after many businesses were allowed to reopen. On Thursday, Vegas casinos and Universal Orlando were among those welcoming visitors.

As of Thursday, more than 6.5 million people worldwide have been confirmed infected with the coronavirus and more than 386,000 have died, according to data compiled by Johns Hopkins University. The actual number of infections is thought to be much higher, due to limits on testing and many asymptomatic cases.

Read also: PM Modi pledges over Rs 113 crore to global vaccines alliance GAVI


coronaviruscovid-19gavibill gatesboris johnson
Source : AP
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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