header logo
Asia asset finance
Mogo Academy
Latest
India running out of Covid jabs putting global supplies under threat
Apr 18, 202105:51 PM
India running out of Covid jabs putting global supplies under threat

India is running out of Covid vaccines amid a brutal second wave that has seen both cases and deaths in the country soar to record levels.

 

At least five Indian states are now reporting shortages of jabs and are urging the government to meet domestic demand, which it has previously done by restricting jab exports.

 

If exports are restricted further then it would harm global supplies - including 5million doses of AstraZeneca bound for the UK - as India typically produces 60 percent of vaccines used worldwide and is home to the world’s largest vaccine-maker, the Serum Institute of India (SII).

 

COVAX, the programme which is responsible for delivering jabs to poorer countries, has now warned that deliveries of jabs from SII will be delayed until at least the end of the month due to ‘increased demand in India’.

 

Meanwhile, a spokesman for the UK’s Department of Health was unable to say when 5million AstraZeneca doses due to arrive this month will actually turn up - but added that the UK is not expecting any doses from India after that.

 

The country’s second wave is thought to be driven by a double-mutated version of Covid - now present in the UK - which scientists believe makes the virus both more infectious and may reduce the effectiveness of current vaccines.

 

There are several challenges contributing to the shortages -- one being the supply of raw materials, said former ICMR director general Nirmal Kumar Ganguly.

 

India “has the capacity to produce,” Ganguly added, but supply chains have been disrupted during the pandemic. The vaccine formulas and required materials “cannot be changed overnight, so we have to rely on the raw materials being imported.”

 

The US has placed a temporary ban on exporting raw materials critical for vaccine production -- and the EU has similarly tightened restrictions around vaccine exports. India is now working to “adapt to the materials which are made at home or the neighboring countries like Singapore,” but this will take time, said Ganguly.

 

The chief executive of Serum Institute of India, the world’s largest maker of vaccines and a critical supplier of the UN-backed COVAX facility, asked President Joe Biden on Twitter to lift the US embargo on exporting raw materials needed to make the jabs.

 

Vaccine makers and experts in India have been concerned that the use of the Defense Production Act by the US to boost their own vaccine production was resulting in exports of critical raw materials being stopped. This was hobbling vaccine production in other parts of the world.

 

Stéphane Bancel, CEO for Moderna, said Tuesday in an online event that export embargoes were also preventing American vaccine makers from exporting shots globally and resulting in shortages.

 

“If we are to truly unite in beating this virus, on behalf of the vaccine industry outside the US, I humbly request you to lift the embargo of raw material exports out of the US so that vaccine production can ramp up,” wrote Adar Poonawalla, CEO of Serum Institute of India.

 

He had earlier said that pivoting away from suppliers in the US could result in a delay of up to six months for the production of the COVID-19 vaccine developed by Novavax. Serum Institute and Novavax have inked a deal to supply 1.1 billion doses of the vaccine to COVAX to equitably distribute it across the globe.

 

-Agencies

 

 

 

MostRead
Mobitel Upahara
VideoStories
President’s recent speech made no reference to actual concerns – MP Dilith

President’s recent speech made no reference to actual concerns – MP Dilith

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

Colombo EV Motor Show 2026 officially inaugurated

Colombo EV Motor Show 2026 officially inaugurated

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

Lassana Flora