Brazilian Health Ministry signs non-binding letter-of-intent to buy COVID-19 vaccines from 5 companies

In a statement, Brazil’s health ministry said, it will be signing a non-binding letters of intent to buy coronavirus vaccines from four companies as well as from Russia’s sovereign wealth fund; these purchases will be subject to the approval of the nation’s regulators.

Last week, officials from Brazil’s health ministry met with representatives of India’s Bharat Biotech, Pfizer Inc, Janssen, a unit of Johnson & Johnson, the Russian Direct Investment Fund, and Moderna Inc, towards negotiating such purchases, The ministry’s legal and technical departments are now in the process of analyzing the documents presented by these five entities to determine the best way to purchase the vaccines at “the opportune moment.”

According to officials, the Brazilian government already has contracts in place which guarantees access to 142,900,000 coronavirus vaccine doses – sufficient to immunize at least a third of Brazil’s population.

While the Brazilian government has placed a supply contract with AstraZeneca PLC for its candidate of the coronavirus vaccine, local authorities have also signed a deal with China’s Sinovac Biotech Ltd to test and produce a vaccine locally.

Incidentally, Brazilian President Jair Bolsonaro, has dismissed the Chinese candidate of the coronavirus vaccine as untrustworthy.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy, Sustainability

Tags: , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: