Better Late Than Never, But Act Now
Business Today Malaysia|December 2021
The world should now be more aware of likely COVID-19 devastation unless urgently checked. Last week, the World Health Organization (WHO) announced an US$8 billion plan to quickly vaccinate many more people to expedite ending the pandemic.
Jomo Kwame Sundaram

New WHO plan

Perhaps frustrated after being ignored by rich country governments and major vaccine producers, the new WHO plan is relatively modest, but hopefully more realisable. Supported by UN Secretary-General Antonio Guterres, the Vaccination Strategy seeks to reduce vaccine apartheid by inoculating 40% in all countries before year’s end, and 70% by mid-2022. had urged governments to vaccinate at least 10% of their populations by September 2021. With almost 6.5 billion inoculations by then, almost a third of the world’s people were fully vaccinated. As noted by WHO Director General (DG) Tedros, “High and upper-middle income countries have used 75 per cent of all vaccines produced so far”.

Worldwide vaccination will also stem emerging new variants. But less than 0.5% of doses have gone to low-income countries, with less than 5% in Africa fully vaccinated. Thus, more than 55, mainly African countries have been largely left out in this ‘two-track’ vaccination effort.

Globally, about 1.5 billion vaccine doses are being produced monthly. The WHO Strategy deems this enough to achieve its targets, “provided they are distributed equitably”. Although more financing is still needed, it implies enough to procure most vaccines needed for poorer countries via COVAX and the African Vaccine Acquisition Trust (AVAT).

Despite the past, the DG believes the Strategy can succeed if countries and companies supplying vaccines prioritise delivery and donations to COVAX and AVAT. He also urges sharing know-how and non-exclusive licences to spread increased manufacturing capacity.

Intellectual property impediment

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM BUSINESS TODAY MALAYSIAView All

Time Aortic Abdominal Aneurysm

The Aortic Abdominal Aneurysm happens when the wall of the blood vessels starts to weaken which forms an Aneurysm that is commonly known as balloon-like dilation.

2 mins read
Business Today Malaysia
December 2021

The Lexus ES 250 Features A New F Sport Variant

The 2022 Lexus ES facelift has arrived in Malaysia- First unveiled at Auto Shanghai 2021 in April this year.

3 mins read
Business Today Malaysia
December 2021

Heading: Try -180°C Therapeutic Treatment Called Cryotherapy To Improve Overall Health

Health has gained a significant attention in this pandemic and being at your best form is a good way to fight the current problems in every aspect of health from fitness, depression, pain management, sports injury, antiageing, weight loss and beauty.

2 mins read
Business Today Malaysia
December 2021

Is It Too Late To Start Investing In Bitcoin?

The noise around Bitcoin has risen sharply in the last month after the world’s most popular cryptocurrency reached its all-time high on 9 November 2021. With all the talk of its price continuing to grow, it is easy to think that it might be too late to start investing in Bitcoin. However, it is not too late and, in fact, Bitcoin adopters are actually early. Bitcoin, and cryptocurrency in general, has received mainstream adoption and looks to be around for years to come.

4 mins read
Business Today Malaysia
December 2021

Smart SBB To Boost Farmers Income

Director-General for the Ministry of Agriculture and Food Industry (MAFI), Azman Mahmood, in a special meet the media session, led the pre-launch briefing of Project Smart Sawah Berskala Besar (Smart SBB) a day before the official launch by his Minister.

3 mins read
Business Today Malaysia
December 2021

Budget 2022 – Seizing The Right Moment

The recent data point suggests Malaysia will stand to benefit from the global recovery.

3 mins read
Business Today Malaysia
December 2021

Power Of Role Model – How The Habits Of Parents And Kids Are Interrelated?

A new global survey, commissioned by Kaspersky, explores the role of healthy digital habits in the family, as well as the effect of parents’ behavior on children and vice versa

3 mins read
Business Today Malaysia
December 2021

Better Late Than Never, But Act Now

The world should now be more aware of likely COVID-19 devastation unless urgently checked. Last week, the World Health Organization (WHO) announced an US$8 billion plan to quickly vaccinate many more people to expedite ending the pandemic.

4 mins read
Business Today Malaysia
December 2021

Accelerates MSMEs Digitalisation Journey

97.2% of businesses in Malaysia are made up of Micro, Small and Medium Enterprises (MSMEs). This important business sector plays a significant role in the Malaysian economy by contributing 38.2% of Malaysia’s Gross Domestic Product (GDP). MSMEs also contributes significantly in providing job opportunities.

6 mins read
Business Today Malaysia
December 2021

Leadership That Can Prevent Toxic Workplaces And High Turnover

“It is our organisation’s mission to create the largest and most productive coworking community in Malaysia & moving forward, South East Asia,”

2 mins read
Business Today Malaysia
November 2021
RELATED STORIES

Covaxin cleared for 6-12 age group, Corbevax for 5 to 12-year-olds

70% people who took booster dose didn't get Covid during 3rd wave in India, says study

2 mins read
Millennium Post Delhi
April 27, 2022

A first in 716 days: Daily Covid cases below 1,000

Consistently Declining For Over 10 Weeks

1 min read
The Times of India Mumbai
April 05, 2022

Bharat Biotech's Booster Shots

Ella siblings Raches and Jalachari, who played a key role in development of Covaxin, now plan to take Bharat Biotech into newage products and therapies to beat chronic diseases such as cancer.

6 mins read
Fortune India
April 2022

Bharat Biotech: Temporarily slowing down production of Covaxin

Bharat Biotech on Friday said it is temporarily slowing down production of its COVID-19 vaccine Covaxin across its manufacturing units for facility optimisation as it has already completed its supply obligations to procurement agencies and foresees decrease in demand. 

2 mins read
Millennium Post Delhi
April 02, 2022

Rich nations should pay for Covid plan: WHO

Vast vax inequity is risking the emergence of new, dangerous variants

3 mins read
The New Indian Express
February 10, 2022

Covishield, Covaxin prices likely to be capped at ₹ 275

Additional ₹150 could be service charge; regular market nod expected soon

2 mins read
Business Standard
January 27, 2022

Declaring vaccination mandatory in India: A last resort towards battling Covid-19

With the spread of novel corona(COVID-19) across the globe, there is hardly any country that has been able to protect its citizens from it.

5 mins read
The Daily Guardian
January 24, 2022

Health staff, elderly to get 3rd vaccine jab from today

NEW DELHI: High-risk heath and front line workers, and senior citizens with co-morbidities can from today walk into any vaccination centre for inoculation with a third precautionary dose, provided the second dose was taken nine months ago. They can also book a slot online through the government's COWIN portal.

2 mins read
Hindustan Times
January 10, 2022

To boost fight, ‘precaution dose' of vax begins today

‘SMSes Sent to Over 1 Crore Beneficiaries’

1 min read
The Times of India Mumbai
January 10, 2022

The shelf life of vaccines

How long does a vaccine stay potent? This depends on stability tests, and can be extended based on data, as has happened with Covishield and Covaxin. What data are analysed, and how is shelf life determined?

4 mins read
The Indian Express Delhi
January 04, 2022