AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.09 Decreased By ▼ -0.09 (-1.74%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 32.45 Decreased By ▼ -2.71 (-7.71%)
DGKC 75.49 Decreased By ▼ -1.39 (-1.81%)
FCCL 19.52 Decreased By ▼ -0.46 (-2.3%)
FFBL 36.15 Increased By ▲ 0.55 (1.54%)
FFL 9.22 Decreased By ▼ -0.31 (-3.25%)
GGL 9.85 Decreased By ▼ -0.31 (-3.05%)
HBL 116.70 Decreased By ▼ -0.30 (-0.26%)
HUBC 132.69 Increased By ▲ 0.19 (0.14%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.41 Decreased By ▼ -0.24 (-5.16%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.20 Decreased By ▼ -1.30 (-3.47%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 22.60 Decreased By ▼ -0.30 (-1.31%)
PIAA 26.01 Decreased By ▼ -0.62 (-2.33%)
PIBTL 6.55 Decreased By ▼ -0.26 (-3.82%)
PPL 115.31 Increased By ▲ 3.21 (2.86%)
PRL 26.63 Decreased By ▼ -0.57 (-2.1%)
PTC 14.10 Decreased By ▼ -0.28 (-1.95%)
SEARL 53.45 Decreased By ▼ -2.94 (-5.21%)
SNGP 67.25 Increased By ▲ 0.25 (0.37%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.42 Decreased By ▼ -0.87 (-9.36%)
TPLP 10.75 Decreased By ▼ -0.43 (-3.85%)
TRG 63.87 Decreased By ▼ -5.13 (-7.43%)
UNITY 25.12 Decreased By ▼ -0.37 (-1.45%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 7,465 Decreased By -57.3 (-0.76%)
BR30 24,199 Decreased By -203.3 (-0.83%)
KSE100 71,103 Decreased By -592.5 (-0.83%)
KSE30 23,395 Decreased By -147.4 (-0.63%)
Business & Finance

Australia signs deal with AstraZeneca for possible COVID-19 vaccine

  • With several countries moving to secure supplies that some fear may lead to a global shortage.
  • If this vaccine proves successful we will manufacture and supply vaccines straight away under our own steam and make it free for 25 million Australians.
Published August 19, 2020

SYDNEY: Australia has signed a deal with drugmaker AstraZeneca to secure a potential COVID-19 vaccine, the Prime Minister said on Tuesday, joining a growing list of countries lining up supplies of the drug.

AstraZeneca's candidate is seen as a frontrunner in the global race to deliver an effective vaccine against the coronavirus that has killed more than 770,000 people and infected nearly 22 million, according to a Reuters tally.

With several countries moving to secure supplies that some fear may lead to a global shortage, Australia said it had signed a letter of intent with AstraZeneca to produce and distribute enough doses for its population.

"Under this deal we have secured early access for every Australian," Prime Minister Scott Morrison said in an emailed statement.

"If this vaccine proves successful we will manufacture and supply vaccines straight away under our own steam and make it free for 25 million Australians."

Countries around the world are looking to secure supplies of Astrazeneca's potential vaccine. Most recently Argentina and Mexico said last week they would produce it for much of Latin America.

Morrison, however, cautioned that while AstraZeneca's candidate is showing early promise, there was no guarantee it would materialise as an effective tool in preventing COVID-19.

Once heralded as a global leader in combating COVID-19, Australia has seen a surge of new infections in the past month. Yet its tally of nearly 24,000 cases and 438 deaths is still far fewer than many other developed nations.

Morrison said Australia is also committed to ensuring early access to a vaccine for Pacific countries, which are increasingly wooed by China, much to Canberra's concern.

Earlier, Australia's biggest biotech company CSL Ltd said it was in talks with AstraZeneca to determine if the potential COVID-19 vaccine being developed by the British drugmaker could be manufactured locally.

In addition to pressing ahead with securing a potential vaccine, Australia said it had also signed a A$24.7 million ($17.9 million) deal with US medical technology company Becton Dickinson to buy 100 million needles and syringes.

Comments

Comments are closed.