Aspen Pharmacare Holdings needs clear commitments within weeks from African governments for orders of its Covid-19 vaccine or it will recommit that production line to more in-demand anaesthetics.
“We had counted on, and were assured, that the regional manufacturing platform was critical and would be supported,” Nicolaou said by phone. “We had banked on these initial volumes to give us the time to enable us to pivot to other vaccines.” The situation is a setback for Africa’s plans to catch up with more developed countries’ Covid-19 vaccination rates, and prepare for the possibility of future pandemics. President Cyril Ramaphosa had been part of a movement that criticised rich nations for hoarding vaccines and tried to force pharmaceutical companies to share inoculation recipes, though take up remains relatively low.
Aspen shares had fallen 1.3% by 9.22am in Johannesburg, extending its decline so far in 2022 to 27%.
I thought the company did a proper market study Belmore pumping the millions into their vaccine line?
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Gqeberha's Aspen Covid-19 vaccine plant risks closure after no orders-executiveAfrica's first covid-19 vaccination plant, touted last year as a trailblazer for an under-vaccinated continent frustrated by sluggish Western handouts, risks shutting down after receiving not a single order, a company executive said on Saturday. Lol CyrilRamaphosa please force everyone to vaccinate. Setting up a plant in Africa for Africans yet they ignored us when we needed the vaccines. They first vaccinated their populations first including teenagers who were at low risk leaving us vulnerable to this Chinese virus. Now they want us to buy the vaccine. No.
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