covid-19

SINOVAC EXEC: Our CoronaVac vaccines are cheap and not expensive

By ROGER M. BALANZA

Sinovac mission is to provide the vaccine at an affordable price and actually a lot lower than what has been reported

China’s Sinovac Biotech, the developer of the vaccine the Philippines will buy in the battle against the coronavirus, says its Covid-19 vaccine is priced reasonably and not expensive.

A Sinovac official made the statement following reports in media of varying prices of the Chinese drug maker’s CoronaVac vaccine.

The Philippines is buying 25 million doses of the CoronaVac, the first brand of the vaccine the country will use in its nationwide vaccination program this year.

An initial 50,000 doses were expected to arrive in February.

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The government’s decision to purchase vaccines from the Chinese pharmaceutical firm has been questioned by some sectors, including lawmakers, claiming the CoronaVac vaccines are more costly and less effective compared to those developed by other companies.

“In terms of pricing, definitely we’re not on the highest expensive ones because I think it is the mission of Sinovac to provide the vaccine at an affordable price and actually a lot lower than what has been reported from the Philippines,”Sinovac Biotech General Manager Helen Yang said said in an interview Monday on CNN Philippines.

“But I would be assuring you that this is a very good pricing that we provided to the Philippines,” she said, adding the cost is “reasonable.”

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