Article Hero

Pfizer sets up its COVID-19 vaccine distribution campaign

1603286673.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
21 October 2020
The biggest ever vaccine distribution movement will pe powered by Pfizer

Pfizer – the New-York based drug maker, and an important global pharma supplier is getting ready for their biggest ever vaccine distribution campaign.

So far, no specific number has been disclosed, but rumor has it that they want to deliver up to 100 million doses by the end of 2020. For 2021, Pfizer has set a target of 1.3 billion.

The vaccine developed by Pfizer is currently one of the most promising in the world, alongside Gilead’s Remdesivir. The US government has placed an order of 100 million Pfizer doses, with the option to buy another 500 million. The European Union gave its vote of confidence by ordering 200 million doses with an additional buying option.

Pfizer is going the extra mile to make sure that its vaccine will be delivered safe and sound. To do so, in Kalamazoo, it has a converted a football field-sized land into a space capable of accommodating 350 large freezers and has signed contracts with FedEx and UPS. The planes operated by the two companies will be used to deliver the vaccines as close as possible to vaccinations centres. So far, 20 flights a day with a delivery time of three days between the distribution centre to the point of patient-use have been touted to be necessary.

Logistics are done beforehand so that when the vaccine gets the Food and Drug Administration approval it’s immediately shipped out.

Besides this vaccine, Pfizer is working with BioNTech on another potential COVID medicine already in late-stage testing. The companies hope for a final answer regarding the vaccine’s functionality by the end of October, with plans to apply for emergency use by late November.

Following the news, Pfizer stock price is trading 0.24% higher in pre-market trading.

Sources: wsj.com, finance.yahoo.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.