Article Image

IPFS News Link • Vaccines and Vaccinations

African Union, Covax Refuse To Buy More Vaccines From Moderna As Demand Plummets

• https://www.zerohedge.com, by Tyler Durden

Moderna shares are tumbling on Tuesday after two of the world's most critical supranational bodies representing low- and middle-income countries have decided not to purchase hundreds of millions of additional doses of the company's vaccine as a result of waning demand.

The African Union and Covax, the Bill Gates and WHO-backed group dedicated to spreading (low cost) vaccines across the world, made the decision to pass on buying more jabs (while the US rolls out a second booster for older patients) as developing nations struggle to find enough customers eager to be inoculated.

Of course, it's not just demand that's keeping vaccination numbers low: According to Bloomberg, developing nations have struggled to turn supplies into inoculations. Lower-income countries left behind in the global rollout are now grappling with a lack of funds, hesitancy, supply-chain obstacles and other factors that are hampering distribution.


midfest.info