AstraZeneca now to take profits from Covid-19 vaccine
AstraZeneca will now not provide the vaccine for free but will take profits from its distribution to other countries.
The vaccine will now not be provided on a non-profitable basis but will be charged. The company has signed a series of for-profit agreements for the next year, and it expects to make an honest income out of the vaccine.
The company had previously stated that it would only start to make money from the vaccine when Covid-19 is no longer a global pandemic.
Its chief executive Pascal Soriot said that the disease can now be classified as an endemic. The vaccine will still be provided to poor countries for free. Pascal stated that he had “absolutely no regrets” about not making a profit when competitors had been, despite having to deal with political criticism in various countries.
He said that he was glad that the vaccine had managed to save a million lives globally. He said that now that the disease has become an endemic, we must learn to live with it.
There will be tiered pricing for countries to make sure the vaccine is affordable, Mr Soriot said.
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