COVID-19 Vaccine Advance Payment

15/09/2020 - 21/09/20202,015 votes
President Rodrigo Duterte vowed to prioritize the purchase of Chinese- or Russian-made COVID-19 when available. Duterte criticized western pharmaceutical firms for asking advance payment for their potential vaccine. “We will give preference to Russia and China provided that their vaccine is as good as any other in the market,” Duterte said. “The one good thing about China is you do not have to beg, you do not have to plead. One thing wrong about the western countries, it's all profit, profit, profit.”

Q1. Is it fair for pharmaceutical firms to ask for advance payment for their COVID-19 vaccine?

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