WHO predicts great inequality in supply and demand in future COVID-19 vaccine

WHO predicts great inequality in supply and demand in future COVID-19 vaccine

The global scientific community continues to look for ways to stop the novel coronavirus pandemic. Already nearly a dozen vaccine candidates are undergoing testing stages. Countries representing nearly 70 percent of the world’s population have engaged in projects to find an effective drug. Director-General of the World Health Organization Tedros Adhanom Ghebreyesus said that to date it is one of the most profitable investments. He is confident that when an effective and universal COVID-19 vaccine is found, the demand for it will significantly exceed the supply. The world now needs to develop not just one, but even several vaccine candidates of different types to maximize the chances of finding the optimal solution.  

“As of today, nine vaccine candidates are already going through Phase Two or Three trials,” WHO chief said.

All these projects require serious funding. However, it is worth it. He stressed that countries depend on each other in the context of current globalization. In other words, if we fail to get rid of the virus even in the most remote regions of the world, it will not be possible to restore the global economy as a whole. Therefore, according to the WHO, the best way forward is to act together and with solidarity. The organization also summarized that the world would need to spend at least US$100 billion (41.9 trillion tenge) to develop and produce a successful COVID-19 vaccine. The spread of coronavirus and its consequences cost the global economy US$375 billion a month (157.1 trillion tenge).

“I want to talk about not how we’re going to go back but how we’re going to go forward. And that to move forward, the best bet is to do it together. The world has already spent trillions dealing with the short-term consequences of the pandemic,” said Ghebreyesus.

Meanwhile, reported cases of COVID-19 infection worldwide exceeded 20.7 million. According to the data from Johns Hopkins University, the global coronavirus death toll stands at more than 755,000. Nearly 13 million people recovered from coronavirus. The United States remains the hardest-hit country in the current pandemic in terms of the number of COVID-19 cases. To date, there are a total of 5.3 million coronavirus cases in the U.S. Brazil is in second place with 3,244,876 positive cases of infection. India is in the third place with 2,246,149 COVID-19 cases, followed by Russia, South Africa, Peru, Mexico, Colombia, Chile and Spain.

 

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