🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

UPDATE 1-Philippines approves Sinovac vaccine but not for all health workers

Published 02/22/2021, 01:50 PM
Updated 02/22/2021, 02:00 PM
SVA
-

(Adds more details on regulator approval, officials' quotes)
MANILA, Feb 22 (Reuters) - The Philippines has approved
Sinovac Biotech 's SVA.O COVID-19 vaccine for emergency use,
but will not give it to healthcare workers at risk of exposure
due to its varying levels of efficacy, its Food and Drugs Agency
(FDA) said on Monday.
Late-stage trial data of Sinovac's vaccine showed it had a
lower efficacy when used for healthcare workers exposed to
COVID-19 compared with healthy individuals age 18-59, said FDA
chief Rolando Enrique Domingo.
The Philippines has about 1.4 million health workers.
"According to our experts, (Sinovac's) vaccine is not the
best vaccine for them," Domingo said in a briefing, referring to
health workers.
He cited results of clinical trials of Sinovac's CoronaVac
in Brazil, Turkey and Indonesia.
CoronaVac is the third candidate to get emergency approval
for use in the Southeast Asian nation of over 108 million.
That clears the way for the delivery of 600,000 doses of the
Sinovac vaccines that China has agreed to donate, which were due
to arrive on Tuesday but had been delayed because of the absence
of the authorisation. The Philippines, which has the second highest of coronavirus
infections and deaths in Southeast Asia, has yet to begin its
immunisation campaign.
It was banking on 117,000 Pfizer-BioNTech shots secured
through the international vaccine sharing facility COVAX to kick
off its vaccine programme.
However, the unresolved question of who would pay for claims
for damages in the event of adverse effects from the
inoculations has delayed the delivery.
A bill is pending in Congress that seeks to grant indemnity
to coronavirus vaccine makers. "We ask for your patience because the vaccines were delayed
by a few days, but we can finally begin the vaccination,"
Presidential spokesman Harry Roque said in a separate briefing.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.