President Biden convened the UN Global COVID-19 Summit yesterday, announcing new commitments towards getting the world vaccinated. Here’s what happened and the biotech industry’s response.
ICYMI: The U.S. will donate an additional 500 million COVID-19 vaccine doses, bringing the total U.S. donation to 1.1 billion doses—donating three doses for every shot administered at home, per the White House.
Additional U.S. commitments include:
- $370 million in funding for global vaccine readiness and capacity and $383 million to Gavi to facilitate vaccine shipments to regions in greatest need.
- Billions more to address COVID-19 and other diseases, including HIV/AIDS, and strengthen health systems worldwide.
- Expanding production capacity in Africa and India to produce 2 billion doses for developing countries by 2022.
Disappointingly, however, the White House reiterated support for the proposed TRIPS waiver,which would suspend intellectual property protections for the vaccine technology without helping to expand manufacturing capacity.
The global biopharmaceutical industry is committed to “working with governments and global health partners to align on a common vision to expand and enhance our shared efforts to defeat COVID-19,” said a joint industry statement led by the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) and signed by BIO.
“[E]ven if governments in G7 countries decide to vaccinate teenagers and adults at a rate of more than 80% and decide to give boosters to at-risk populations, there would still be over 1.2 billion doses available for distribution by the end of this year,” we said. “By June 2022, if there are no major bottlenecks and trade barriers, output will reach over 24 billion.”
So, the vaccines are available—now, to vaccinate the world, governments and partners need to work together to:
- step up dose sharing,
- continue efforts to optimize production,
- eliminate trade barriers,
- support country readiness, and
- continue to drive innovation.
The bottom line: “To stave off future pandemics, society needs a thriving innovation eco-system alongside a resilient, sufficiently resourced, health infrastructure that will sustain the development, production and deployment of vaccines and therapeutics vital to continued global health progress,” we said.
Read the full statement.
BIO President and CEO Dr. Michelle McMurry-Heath prepared a video for the summit—watch: