Pfizer backs down over ‘unreasonable’ terms in South Africa vaccine deal - The Mail & Guardian

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Pfizer has backed down over its controversial demand that the South African government put up sovereign assets guaranteeing an indemnity against the cost of any future legal cases, the Bureau of Investigative Journalism can reveal.

has backed down over its controversial demand that the South African government put up sovereign assets guaranteeing an indemnity against the cost of any future legal cases, the Bureau of Investigative Journalism can reveal.negotiations, the company sought indemnity against civil claims from citizens who had experienced adverse vaccine effects — meaning that the government would have to cover the costs instead.

In other negotiations, Pfizer went further. The company required some Latin American governments to put up sovereign assets, including federal bank reserves, embassy buildings or military bases — as a guarantee against indemnifying the cost of future legal cases. This wasPfizer told the Bureau: “Pfizer and BioNTech have no intention of interfering with any country’s diplomatic, military, or culturally significant assets.

Mkhize wrote that the government was “relieved” when Pfizer eventually conceded and removed the “problematic term”. He added: “As the government, we found ourselves in a precarious position of having to choose between saving our citizens’ lives and risking putting the country’s assets into private companies’ hands.

A contract for 30-million doses of Pfizer vaccine has now been signed at $10 a dose. Nearly two million doses are scheduled to arrive in South Africa in May and 2.5-million in June. The government has made down payments in its deals with Pfizer and“This is another onerous term that we had to concede as manufacturers were not prepared for it to be removed,” Mkhize wrote.

 

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