Successful not-for-profit Oxford COVID vaccine threatens Big Pharma profit logic

“The Oxford vaccine is… striking, since the point was to pay researchers, but not to rely on patent monopolies to generate large profits.” – Economist Dean Baker

by Alan Macleod

Part 1

The world is abuzz today after a team of medical researchers from Oxford University in the United Kingdom announced that advanced trials of their experimental coronavirus vaccine were a roaring success, with the vaccine possibly being rolled out before Christmas.

Testing was done on 24,000 volunteers in the U.K, Brazil, and South Africa, with an average effectiveness of over 70%. However, when the vaccine was administered as a half dose, then patients were later given a full one, effectiveness increased to 90%. Encouragingly, there were no serious side effects registered among any of the volunteers, none of whom had to go to the hospital as a result of being immunized. The U.K. government has already ordered 100 million doses.

Professor Andrew Pollard, Director of the Oxford Vaccine Group and chief investigator of the experiment, was delighted, stating that,

These findings show that we have an effective vaccine that will save many lives. Excitingly, we’ve found that one of our dosing regimens may be around 90 percent effective, and if this dosing regimen is used, more people could be vaccinated with planned vaccine supply. Today’s announcement is only possible thanks to the many volunteers in our trial, and the hard working and talented team of researchers based around the world.

Even better news is that the Oxford team developed the breakthrough vaccine with the explicit intention of supplying it around the world on a not-for-profit basis, meaning that the poorest nations on the planet will not have to worry about being shut out of a cure due to lack of funds. This was certainly not the case with other solutions developed by the likes of Moderna or Pfizer. Indeed, the world’s richest countries had already bought up the majority of their COVID-19 vaccines, whose secrets were being closely guarded, rather than shared widely to help the rest of humanity.

Large scale manufacturing of the vaccine has already begun in ten countries, according to a press release from the University of Oxford. “Today marks an important milestone in our fight against the pandemic. This vaccine’s efficacy and safety confirm that it will be highly effective against COVID-19 and will have an immediate impact on this public health emergency,” said

Pascal Soriot of AstraZeneca, a bioresearch company that partnered with the 924-year-old educational institution on development and testing. “Furthermore, the vaccine’s simple supply chain and our no-profit pledge and commitment to broad, equitable and timely access means it will be affordable and globally available supplying hundreds of millions of doses on approval.”

Source, links:

https://www.mintpressnews.com/successful-not-for-profit-oxford-covid-vaccine-threatens-big-pharma/273242/

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