World’s largest economies hoard Covid-19 vaccines

The COVID-19 pandemic has become the biggest global catastrophe in recent years, but there finally seems to be a light at the end of the tunnel: vaccination.

Vaccines from companies such as Pfizer-BioNTech, Moderna, Gamaleya-Sputnik, Sinovac and AstraZeneca have shown a high degree of effectiveness, greater than 90 percent, in preventing infections due to SARS-CoV-2. Yet more than half of those vaccines have already been «set aside» by a small group of 15 nations that represent the world’s largest economies.

 

A study by Oxfam, a global non-governmental organization, concluded that the purchase of 5.3 billion doses has been completed so far, of which 2.7 billion (51 percent) have been ordered by countries, territories and regions, including the United States. United Kingdom, European Union, Hong Kong and Macao, Japan, Switzerland and Israel.

The remaining 2.6 billion doses were acquired, or promised to be acquired, by developing countries such as India, Bangladesh, China, Brazil and Mexico, among others.

«Access to life-saving vaccines shouldn’t depend on where you live or how much money you have,» said Robert Silverman, Oxfam director.

The aforementioned study, published on September 17, also warned that in the event that the five most advanced vaccines against COVID-19 are successful, almost two-thirds (61 percent) of the world’s population will not have a vaccine until at least 2022.
According to The Economist, Canada is the country that, proportionally, has ordered the most vaccines with an average of almost 10 per inhabitant; while Mexico has requested 0.5 vaccines per inhabitant, which, in proportion, is higher than everything requested by the COVAX initiative, which seeks to provide vaccines to poor countries.

Oxfam has urged that the vaccine be distributed free of charge and according to the needs of each country.

«That will only be possible if pharmaceutical corporations allow vaccines to be produced by sharing patents for free rather than protecting their monopolies and selling them to the highest bidder,» the organization explained.

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