Buy now, save later: financing vaccine candidates
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 11 August 2020
⏱️ 23 minutes
🧾️ Download transcript
Summary
As clinical trials progress, policymakers must determine how heavily to fund the pre-emptive manufacture of candidate vaccines, and how to distribute the successful ones. Given Britain’s bungled pandemic response, the separatist mood in Scotland has surged to record levels. And travel tips from the vloggers of illegal migration.
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.8 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:18.0 | In Scotland, some voters reckon that the government in London has mishandled the pandemic |
| 0:22.5 | even worse than its mishandled Brexit. Now the fraction wanting independence from the |
| 0:27.3 | rest of the United Kingdom is at an all-time high. That foretells a messy battle. |
| 0:34.6 | And there are a few tricky tasks that can't be made easier by watching a few YouTube videos, |
| 0:39.8 | like how to hang onto the axle of a truck undetected, or how to get across the Straits |
| 0:44.2 | of Gibraltar on a Chetsky. We take a look at the vloggers of illegal migration. |
| 0:56.0 | First up though. Right now, more than 170 vaccines for COVID-19 are being developed across |
| 1:04.4 | the world. Of those, six are in final, large-scale clinical trials. While the races on, |
| 1:11.6 | policy makers are wrestling with two questions, how much to spend on vaccines that may or |
| 1:16.5 | may not win, and how to ensure the winners or winners are distributed fairly. |
| 1:21.6 | You cannot be in a world where some people are saved and others not. |
| 1:26.4 | Angosi Okonjo-Ewala is the chair of the Global Alliance for Vaccines and Amonization, or |
| 1:31.7 | Gavi. It's an alliance that funds vaccines for poor countries. |
| 1:35.8 | The steps that need to be taken to ensure vaccines are distributed fairly require collaboration |
| 1:42.9 | and solidarity of the world. Gavi has set up what's called COVAX, a purchasing pool for several |
| 1:49.2 | late-stage vaccine candidates. There's a facility. It has 92 developing countries in it, |
| 1:55.9 | lower middle-income countries, and it also has 77 rich countries that have expressed interest. |
| 2:02.3 | By bringing them all together, we will have an affordable price of vaccines for all. |
| 2:10.2 | We have risk sharing in the facility for all, and this will ensure that so many more people |
| 2:16.0 | in the world who would not have had access will have access. So it will be equitable and it will be fair. |
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