Galvez: PH saved $700 million in vaccine deals due to govt's negotiation efforts

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Vaccine czar Carlito Galvez Jr. maintains the deals struck by the country with vaccine manufacturers are virtually without profit.

Metro Manila – Vaccine czar Carlito Galvez Jr. maintained the deals struck by the country with vaccine manufacturers are virtually without profit, adding that the national government's negotiation efforts even brought expenses down by $700 million.at cost, meaning almost no profit.$700 million," Galvez said Monday in a televised meeting with President Rodrigo Duterte and other government officials.

Galvez said this meant they were able to slash by half the initial offer prices. He added that the savings were used to secure more vaccine doses from various drugmakers, with the government targeting to procure 148 million doses this year, up from the initial plan of 70 million.

 

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ENTREPRENEURS ARE THE LIFE-BLOOD OF A COUNTRY.' MY GREAT GRAND UNCLE USED TO BE A MILITARY CAREER MAN,'QUOTE'- WHAT HAS BEEN UNDONE MUST BE DONE-'UNQUOTE'. RISING FROM ITS RANK SEC GALVEZ WAS ONE OF HIS ADJUTANTS.

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