Galvez explains why PH may get higher rates for Sinovac vaccine
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CNN Philippines Staff from cnn said that Metro Manila (CNN Philippines, January 22) — Vaccine Czar Carlito Galvez, Jr. said the reason other countries may get COVID-19 vaccines from China’s Sinovac at a cheaper price is because of cost-reducing conditions such as agreeing to produce the vaccine shots themselves using materials from the company.
Galvez said the country was also offered cheaper rates under certain terms, adding that by producing the vaccine shots, the price will be cut by almost half.
“Inofferan din kami, mababa ‘yung presyo but you will be having the filling station o ibig sabihin ‘yung raw materials dadalhin sa atin, tayong magfifinish,” he told the Senate in a hearing on Friday.
[Translation: We were also offered, the price is low but you will be having the filling station, meaning the raw materials will be sent here and we will finish (the vaccines).]Another condition for lower rates would be if the government will claim the vaccines straight from the company’s manufacturing plant instead of having them ship the supply to the country, the official mentioned.
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