The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Song Joong-ki marries British woman, expects baby

  • 3

    Suicidal pedestrian saved over Han River bridge

  • 5

    US four-star general warns of war with China in 2025

  • 7

    K-pop releases for February

  • 9

    Youth, foreign drug offenders increase threefold in 5 years

  • 11

    INTERVIEWBusan has potential to be world-class city, says mayor

  • 13

    NK rejects alleged arms trading with Russia, warns of 'undesirable result'

  • 15

    Samsung to introduce low-carbon diet for employees to help tackle climate change

  • 17

    Plum trees, pheasants and promises of old Korea

  • 19

    Stock-leveraged investments rise again amid bullish KOSPI

  • 2

    Japanese teen romance film attracts 1 mil. Korean viewers for 1st time in 21 yrs

  • 4

    Korea to lift indoor mask mandate Monday

  • 6

    Kim Jung-hyun returns to small screen with 'Kokdu: Season of Deity'

  • 8

    Korean Lunar New Year vs. Chinese Lunar New Year

  • 10

    Over 76% of South Koreans support development of nuclear weapons

  • 12

    'Someday or One Day' cast says film spin-off has new plot

  • 14

    Koreans reluctant to unmask on first day of eased indoor mask rule

  • 16

    Seoul International School celebrates 50th anniversary

  • 18

    Base taxi fare to rise by 1,000 won to 4,800 won next month

  • 20

    Main opposition leader faces pressure to resign in case of indictment

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Tue, January 31, 2023 | 21:39
Health & Science
Up to $40 a shot? Price negotiation for COVID-19 vaccine kicks off
Posted : 2020-07-28 11:26
Updated : 2020-07-28 13:48
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
A woman holds a small bottle labeled with a 'Vaccine COVID-19' sticker and a medical syringe in this illustration taken April 10, 2020. REUTERS/Dado Ruvic/File Photo/
A woman holds a small bottle labeled with a "Vaccine COVID-19" sticker and a medical syringe in this illustration taken April 10, 2020. REUTERS/Dado Ruvic/File Photo/

Coordinators of a global coronavirus vaccines funding scheme are looking at a wide range of potential prices for COVID-19 shots, with a reported $40 per dose price tag the "highest number" in that range, one of the co-leads of the project said on Monday.

Seth Berkley, chief executive of the GAVI vaccine alliance, which is co-leading the COVAX facility designed to ensure fair global access to COVID-19 shots, said the facility had no specific target price and would also seek to negotiate tiered pricing for richer and poorer countries.

Berkley rejected comments from European Union sources last week who said the COVAX facility was targeting a $40 price for COVID vaccines for wealthy countries. The EU sources had said the EU would be seeking to secure cheaper deals outside of the COVAX scheme.

"There was a large range of numbers, and they (the EU sources) put the highest number out," Berkley said in an interview. He said that in a presentation to EU officials, COVAX officials had given "a range of different prices".

Calls mounting for toughening entry rules for foreigners
Calls mounting for toughening entry rules for foreigners
2020-07-28 18:35  |  Health & Science
Moderna, Pfizer start decisive COVID-19 vaccine trials, eye year-end launches
Moderna, Pfizer start decisive COVID-19 vaccine trials, eye year-end launches
2020-07-28 11:11  |  Health & Science
Experimental COVID-19 vaccine is put to its biggest test
Experimental COVID-19 vaccine is put to its biggest test
2020-07-28 10:58  |  Health & Science
"And that ($40) was the maximum price in the range for high income countries, rather than a set price," he told Reuters. COVAX is co-led by GAVI, the World Health Organization and the CEPI Coalition for Epidemic Preparedness Innovations and is designed to guarantee fast and equitable access globally to COVID-19 vaccines once they are developed.

Its aim is to secure supplies of and deliver 2 billion doses across countries who sign up by the end of 2021. GAVI said earlier this month that more than 75 countries have expressed interest in joining COVAX.

Berkley said most vaccines are so early in the testing process that it's too soon to know what the final price will be. "The truth is nobody has an idea what the price is going to be, because we have no idea which (potential COVID) vaccine is going to work," he said. He said questions about which technology might be most effective, whether vaccines would be single or a double dose, or what yields from manufacturing facilities might be were still unanswered and would all influence eventual vaccine pricing.

Berkley said COVAX has started putting together estimates based on what is known, but there are no firm prices. "The challenge is trying to come up with a cost. Anybody who tells you they know isn't being honest."

Berkley, who through the GAVI alliance negotiates with manufacturers to bulk-buy vaccines for use in poor countries, said drugmakers frequently use a tiered pricing approach, in which poorer countries pay one price, middle-income countries a higher price, and rich countries pay the highest price. He said it's not clear what manufacturers of potential COVID-19 vaccines will propose, but they are trying to put forward cost estimates based on what they know so far.

"You're going to have a range of different prices, depending upon which ones (vaccine candidates) are going to succeed.

"Frankly, it's likely that we'll have lower prices given the large volumes that we're trying to access here." Berkley said COVAX and several others are also including a "speed premium" into the cost of COVID-19 vaccines that encourages companies to make millions of doses at risk, even before they know if their vaccine candidate works. "We see that as being 15% or 20% of what the cost will be," he said. (Reuters)


 
Top 10 Stories
1Korean Lunar New Year vs. Chinese Lunar New Year Korean Lunar New Year vs. Chinese Lunar New Year
2Over 76% of South Koreans support development of nuclear weapons Over 76% of South Koreans support development of nuclear weapons
3Koreans reluctant to unmask on first day of eased indoor mask rule Koreans reluctant to unmask on first day of eased indoor mask rule
4Stock-leveraged investments rise again amid bullish KOSPI Stock-leveraged investments rise again amid bullish KOSPI
5[ANALYSIS] Pandemic awakens demand for data-driven automation ANALYSISPandemic awakens demand for data-driven automation
6Busan seeks to take lead in expo race after BIE's April visit Busan seeks to take lead in expo race after BIE's April visit
7SPC opens 120th Paris Baguette store in US SPC opens 120th Paris Baguette store in US
8Retailers seek to bolster beauty product sales as lifting of mask mandate approaches Retailers seek to bolster beauty product sales as lifting of mask mandate approaches
9Biohealth geared for growth Biohealth geared for growth
10NK slams NATO chief's Seoul visit as 'prelude to war' NK slams NATO chief's Seoul visit as 'prelude to war'
Top 5 Entertainment News
1Song Joong-ki marries British woman, expects baby Song Joong-ki marries British woman, expects baby
2Kim Jung-hyun returns to small screen with 'Kokdu: Season of Deity' Kim Jung-hyun returns to small screen with 'Kokdu: Season of Deity'
3K-pop releases for February K-pop releases for February
4'Someday or One Day' cast says film spin-off has new plot 'Someday or One Day' cast says film spin-off has new plot
5Itaewon music fest brings love to the healing process Itaewon music fest brings love to the healing process
DARKROOM
  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

  • World Cup 2022 France vs Morocco

    World Cup 2022 France vs Morocco

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group