Concepcion: Private sector to buy 3 M doses of AstraZeneca COVID vaccine

Published November 26, 2020, 3:27 PM

by Analou de Vera

The private sector is set to procure at least three million doses of COVID-19 vaccines from British-Swedish pharmaceutical company AstraZeneca “in an effort to augment the national government’s separate procurement initiatives,” said Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion Thursday.

In this file photo taken on July 21, 2020 a general view is pictured of the offices of British-Swedish multinational pharmaceutical and biopharmaceutical company AstraZeneca PLC in Macclesfield, Cheshire. (Photo by Paul ELLIS / AFP / MANILA BULLETIN)

Concepcion said that the deal with AstraZeneca has an estimated value of P600 to P700 million.

“We’re targeting 2.5 million to three million doses which will help 1.5 million people in the upper end of the range since the vaccine requires two doses. We want to ensure that the Philippines will not be left behind when the vaccines come out in 2021,” said Concepcion in a statement.

“The vaccines will be donated to the Department of Health, who will handle the deployment. Half of the donations will be set aside for government frontliners, while the other 50 percent will cover employees in the private sector, both regular and contractual,” he added.

A tripartite agreement is expected to be signed by Concepcion, representing the private sector; the country’s vaccine czar Secretary Carlito Galvez Jr.; and AstraZeneca Pharmaceuticals Philippines Inc. president Lotis Ramin.

Concepcion added that Go Negosyo will purchase 70,000 doses of the vaccine for micro, small, and medium enterprises (MSMEs) which will cover 35,000 people.

The vaccine from AstraZeneca is expected to cost around P500 ($10) for two doses, “which is cheaper than regular testing methods,” said Concepcion.

“Secretary Galvez called on the private sector to take care of its own flock provided that we follow the priority sectors of frontliners and the poorest of the poor,” he said.

The private sectors donors are International Container Terminal Services Inc., BDO Unibank, First Philippine Holdings Corp., Go Negosyo, LT Group Inc., San Miguel Corp., Metro Pacific Investments Corp., Universal Leaf Philippines Inc., LBC Express Holdings Inc., Udenna Corp., GT Capital Holdings Inc., Wilcon Depot Inc., Ayala Healthcare Holdings Inc., Aboitiz Equity Ventures, Golden ABC Inc., Mercury Drug Corp., Federation of Filipino Chinese Chambers of Commerce & Industry, Yazaki-Torres Manufacturing Inc.;

Bounty Fresh Food Inc., RFM, Concepcion Industries, Jollibee Foods Corp., Federation of Indian Chambers of Commerce Philippines Inc., Philippine Transmarine Carriers Inc., Magsaysay Maritime Corp., Nova Group, Alliance Global Inc., JG Summit Holdings Inc., Philippine Franchise Association, Double Dragon/MerryMart, Filinvest Development Corp., Lotis Shoppe, Century Properties Group, Bench, CDO, Mercedez Benz, Rustan’s, Megaworld, and SEAOIL Philippines.