Pfizer asks India for pre-order, advance payment for COVID-19 vaccines: Report

External affairs minister S Jaishankar who is visiting the United States is also expected to meet Pfizer representatives to discuss vaccine supplies to India.

Moneycontrol News
May 26, 2021 / 09:04 AM IST

Pfizer has reportedly asked the Indian government for a firm pre-order along with advance payment for COVID-19 vaccine supply, similar to how other countries have procured doses.

US pharmaceutical giant Pfizer has asked the Indian government for a firm pre-order along with advance payment for COVID-19 vaccine supply, similar to how other countries have procured doses.

Pfizer's top brass communicated this in various meetings with Indian authorities, The Economic Times has reported. Pfizer's condition of an indemnity clause was also discussed during the meetings but the focus was on orders and advance payments.

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External affairs minister S Jaishankar who is visiting the United States is also expected to meet Pfizer representatives to discuss vaccine supplies to India.

Moneycontrol could not independently verify the story.

COVID-19 Vaccine

Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

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Pfizer has told the Indian government it will transfer the technology required for co-production of the jab if it forms such an arrangement, including research and modifications to handle coronavirus variants, The Economic Times reported.

US-based Pfizer and Moderna have made it clear that they prefer dealing directly with the Union government rather than with states. Delhi and Punjab governments had sought doses directly from the manufacturers but both companies declined the requests.

Lav Agarwal, joint secretary in the health ministry, said the Centre was coordinating with the two companies for the supply of vaccine doses.

"Whether it is Pfizer or Moderna, we have been coordinating at the central level…Both Pfizer and Moderna, most of the time, their order books are already full. It is depending on their surplus on how much they can provide to India... we will ensure that their doses can be supplied at state level," Agarwal recently said at a media briefing.
Moneycontrol News
TAGS: #coronavirus #Current Affairs #Pfizer
first published: May 26, 2021 09:04 am