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UPDATE 2-Biden lays out plan to share 25 mln COVID-19 vaccine doses with the world

Thu, 03rd Jun 2021 16:56

(Adds plan details, national security adviser, IMF comment,
Public Citizen reaction)

By Jeff Mason and Carl O'Donnell

WASHINGTON, June 3 (Reuters) - The White House on Thursday
laid out a plan for the United States to share 25 million
surplus COVID-19 vaccine doses with the world and said it would
lift some restrictions to allow other countries to buy U.S.-made
supplies for vaccine production more easily.

President Joe Biden said the United States would share the
vaccines without expectation of political favors in return.
Biden has pledged to share some 80 million COVID-19 vaccines
internationally this month.

The United States will donate nearly 19 million doses
through the COVAX international vaccine sharing program, he said
in a statement. Through COVAX, some 6 million doses would go to
Latin America and the Caribbean, about 7 million doses to South
and Southeast Asia and roughly 5 million to Africa.

The remaining doses, amounting to just over 6 million, would
go directly from the United States to countries including
Canada, Mexico, India and South Korea, he said.

"We are sharing these doses not to secure favors or extract
concessions," Biden said in a statement. "We are sharing these
vaccines to save lives and to lead the world in bringing an end
to the pandemic, with the power of our example and with our
values."

Although the United States is working through the COVAX
facility co-run by the World Health Organization, the White
House retains final say in which countries receive U.S. doses
and how many, said national security adviser Jake Sullivan.

The White House will base donation decisions on "factors
included achieving global coverage, responding to crises... and
helping as many countries as possible," Sullivan said, adding
that the United States intends to prioritize its neighbors,
including Canada, Mexico and countries in Central and South
America.

Biden has come under pressure from the world community to
share the U.S. surplus of COVID-19 vaccines.

For months, the White House has remained focused on getting
Americans vaccinated after the coronavirus killed more than half
a million people in the United States within the last year.

But the president has promised that the United States would
become a supplier to other countries and pledged to send abroad
at least 20 million doses of the Pfizer Inc/BioNTech SE
, Moderna Inc and Johnson & Johnson
vaccines, on top of 60 million AstraZeneca Plc doses he
had already planned to give to other countries.

The 25 million doses Biden announced on Thursday will not
include supply from AstraZeneca, the White House said.

LIFTING SOME RESTRICTIONS

The White House is also removing special powers it granted
through the Defense Production Act (DPA) to certain vaccine
makers that received U.S. funding but do not yet have U.S.
approvals, including AstraZeneca, Sanofi SA/GlaxoSmithKline Plc
, and Novavax Inc.

The DPA ratings give U.S. producers priority access to
supplies and equipment needed to manufacture the vaccines that
are in short supply around the world. Lifting them could free up
raw materials for major vaccine makers elsewhere, especially the
Serum Institute of India (SII).

Invoking the DPA helped build a huge local vaccine
production system, while some companies overseas have struggled
to get needed supplies to ramp up vaccine production.

SII, the world's largest vaccine maker and a top supplier of
COVID-19 shots to low- and middle-income countries, had
criticized the use of the DPA, and Reuters reported in May that
a shortage of U.S.-made raw materials would hit production of
Novavax's vaccine.

"That is a start, at least – the Biden administration acting
to stop harming the global response. Now, we need a DPA for the
world," said Peter Maybarduk, access to medicines director at
consumer watchdog Public Citizen, which has argued the United
States should use the DPA to scale up global vaccine production.

White House COVID adviser Jeff Zients said the United States
will continue to donate additional doses throughout the summer
as more supply becomes available.

The U.S. announcement came amid growing concern about the
huge disparity in vaccination rates in developing countries
versus advanced economies.

The heads of the International Monetary Fund and World Bank
on Thursday urged the Group of Seven advanced economies to
release any excess COVID-19 vaccines to developing countries as
soon as possible, and called on manufacturers to ramp up
production to benefit poor countries.

Pfizer has begun independently exporting millions of its
U.S.-made shots largely to countries in Central and South
America, Reuters reported last month.

Many Latin American countries have a dire need for COVID-19
vaccines as they combat outbreaks. Brazil has been one of the
world’s hardest hit countries by the pandemic, reporting a total
of more than 15 million cases and 400,000 deaths, while Peru
this week revised its COVID-19 death toll, making it the country
with the worst per capita fatality rate.
(Reporting by Jeff Mason and Carl O'Donnell; additional
reporting by Allison Martell and Andrea Shalal; Editing by
Chizu Nomiyama and Bill Berkrot)

More News
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LONDON MARKET OPEN: Stocks lack direction ahead of Fed, BoE

(Alliance News) - Stock prices in London lacked direction at the open on Wednesday, as investors nervously look ahead to interest rate decisions from the US Federal Reserve and Bank of England.

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31 Jan 2024 07:46

LONDON BRIEFING: Stocks called up; GSK revenue and profit up

(Alliance News) - Stocks in London are called to open higher, as markets share of nerves around the next set of interest rate decisions.

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29 Jan 2024 08:51

GSK seeks expanded use of RSV vaccine in EU, wins approval for Omjjara

(Alliance News) - GSK PLC on Monday celebrated regulatory progress for two of its products in the EU.

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29 Jan 2024 07:43

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

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29 Jan 2024 07:07

GSK gets EU approval to sell blood cancer treatment Omijara

(Sharecast News) - Biopharma giant GSK has been given the green light by European regulators to sell Omjjara, its treatment for patients with a rare type of blood cancer.

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26 Jan 2024 10:47

Citi hikes target price for GSK but stays 'neutral'

(Sharecast News) - Shares in biopharma giant GSK were rising on Friday, helped by forecast upgrades from Citi, which raised its target price on the stock from 1,535p to 1,700p.

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24 Jan 2024 15:08

Private equity firm Yellow Wood close to deal to acquire ChapStick-sources

Jan 24 (Reuters) - Private equity firm Yellow Wood Partners is in advanced talks to acquire ChapStick, a lip balm brand, from Haleon Plc, the former consumer health division of drug developer GSK Plc, four people familiar with the matter said.

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24 Jan 2024 14:34

UK earnings, trading statements calendar - next 7 days

Thursday 25 January 
Britvic PLCTrading Statement
Conduit Holdings LtdTrading Statement
CVS Group PLCTrading Statement
Dr Martens PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCFull Year Results
Fuller, Smith & Turner PLCTrading Statement
Halfords Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Mitie Group PLCTrading Statement
NCC Group PLCHalf Year Results
Newmark Security PLCHalf Year Results
Next 15 Group PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Secure Trust Bank PLCTrading Statement
St James's Place PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Workspace Group PLCTrading Statement
Friday 26 January 
Paragon Banking Group PLCTrading Statement
Record PLCTrading Statement
Superdry PLCHalf Year Results
Taylor Maritime Investments LtdTrading Statement
WH Smith PLCTrading Statement
YouGov PLCTrading Statement
Monday 29 January 
Team Internet Group PLCTrading Statement
Tuesday 30 January 
Diaceutics PLCTrading Statement
Diageo PLCHalf Year Results
Kromek Group PLCHalf Year Results
Luceco PLCTrading Statement
Oxford Cannabinoid Technologies Holdings PLCHalf Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
Saga PLCTrading Statement
SSP Group PLCTrading Statement
SThree PLCFull Year Results
Synthomer PLCTrading Statement
Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
22 Jan 2024 21:22

Fate of most remaining Zantac lawsuits weighed by Delaware judge

Jan 22 (Reuters) - GSK, Pfizer and other pharmaceutical companies are urging a judge in Delaware this week to find that evidence plaintiffs' lawyers want to use in about 72,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer is not supported by science.

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22 Jan 2024 17:08

Fate of most remaining Zantac lawsuits weighed by Delaware judge

Jan 22 (Reuters) - GSK, Pfizer and other pharmaceutical companies will urge a judge in Delaware this week to find that evidence plaintiffs' lawyers want to use in about 72,000 lawsuits claiming that the discontinued heartburn drug Zantac caused cancer is not supported by science.

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22 Jan 2024 09:34

IN BRIEF: Oxford Nanopore appoints Keher to CFO as Cowper becomes COO

Oxford Nanopore Technologies - Oxford, England-based company specialising in nanopore DNA-sequencing - Appoints Nick Keher as chief financial officer and director, effective immediately. Keher will replace Tim Cowper as he moves into a new role as Oxford Nanopore's chief operating officer. The company says that Cowper has been performing the majority of COO duties for the past five years, and that he will lead the company's efforts to expand its international footprint. The company also says that new CFO Keher possesses "significant experience of financial leadership of complex, scientific businesses", having served in similar roles at Clinigen Group PLC, BenevolentAI SA, Royal Bank of Canada, Investec PLC and GSK PLC.

Read more
17 Jan 2024 09:38

UPDATE: GSK raises GBP978 million as cuts stake in Haleon to 4.2%

(Alliance News) - GSK PLC early Wednesday confirmed it agreed to sell 300 million shares in Haleon PLC, reducing its remaining stake in the consumer healthcare products spin-off to just 4.2%.

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17 Jan 2024 08:05

GSK raises £978m through Haleon share sale

(Sharecast News) - GSK said on Wednesday that it has raised around £978m from the sale of shares in Haleon.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:31

GSK raises $1.24 bln from latest Haleon stake sale

Jan 17 (Reuters) - GSK has raised 978 million pounds ($1.24 billion) from a discounted sale of a stake in its spun-off consumer healthcare business Haleon, the British drugmaker said on Wednesday.

Read more

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