Categories: Philippines

Confidence in AstraZeneca Vaccine is Getting Higher

The Philippine government has expressed trust in the British-Swedish drugmaker AstraZeneca’s COVID-19 vaccine, even though some critics cast doubt on it over concerns about its reported success rate.

They are confident that the AstraZeneca vaccine is being developed, vaccine czar Carlito Galvez Jr. said Friday when the Philippine government signed the first procurement agreement for a coronavirus vaccine, a tripartite P600 million contract with some 30 private companies and AstraZeneca for 2.6 million doses of its coronavirus vaccine, which will be good for around 1.3 million Filipinos.

Galvez cited the success of AstraZeneca for producing quality drugs and vaccines that are used all over the world. AstraZeneca and its affiliate, Oxford University, have confirmed that they are pursuing regulatory approval for their vaccine despite demonstrating an overall efficacy rate of 70 percent.

When an initial half-dose and a full dose was given, the rate jumped to 90 percent, comparable to that in rival vaccines by Pfizer/BioNTech and Moderna in growth. US researchers point out however that the higher effectiveness rate came in a smaller study composed of individuals aged 55 and under and was found by mistake.

In light of these concerns, Pascal Soriot, Chief Executive Officer of AstraZeneca, told Bloomberg that more research on its coronavirus vaccine is required, but it is unlikely that additional testing would impact regulatory approval in Europe.

The private sector, back in the Philippines, is desperate for a solution that can bring an end to the local COVID-19 epidemic so that the economy will restart safely. However, he acknowledged that the first 2.6 million doses of the vaccine, which he expects to arrive after local regulatory clearance in May or June next year is a great start but not enough.

Galvez said the government of the Philippines is in negotiations with AstraZeneca to obtain an extra one million doses of its vaccine, in addition to the 2.6 million that would be imported by the private sector.

Jasmine C.

Mabuhay! An upcoming Newswriter for the Asian Affairs from the Pearl of the Orient - Philippines. Avid follower of celebrity gossips, fashion news. I got into writing so that my fellow Kababayan will be constantly updated with the latest news.

Recent Posts

V Surprises ARMY with Two Holiday Releases: A Festive Collab with Park Hyo-shin and “White Christmas” Cover

For K-pop fans, the Christmas season this year has become even more magical as several of their preferred stars reveal…

November 22, 2024

Celine Names TWS as Global Ambassadors Following Suzy Bae Announcement

After Suzy Bae's nomination as Celine's worldwide ambassador, the venerable French luxury fashion company has taken another bold step choosing…

November 22, 2024

Reddit Faces Widespread Outage, Users Turn to Workarounds Amid ‘Server Error’ Messages

Thousands of users of the well-known social network Reddit were left without access after a major outage of the website.…

November 22, 2024

Anne Hathaway Casted as ‘Verity’ in Colleen Hoover’s Book Adaptation

Anne Hathaway is slated to play the much expected film version of Colleen Hoover's best-selling book Verity in front of…

November 21, 2024

Gucci Set to Revolutionize Fashion Presentations with Unified Shows in 2025 under Sabato De Sarno’s Vision

Gucci is ready to change its presentation approach for 2025 in a radical action aimed to revolutionize the fashion industry.…

November 21, 2024

South Korea’s “Korea Discount”: Addressing the Governance Gap to Boost Market Value

As world investors wait for significant changes that might solve long-standing problems of governance and responsibility in South Korea's companies,…

November 21, 2024

This website uses cookies.

Read More