PH signs term sheets with 5 vaccine firms

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Photo by Mark Cristino

The Philippine government has already signed term sheets with five vaccine manufacturers, which secures some 108 million doses this year for Filipinos.

“Out of seven companies, we have already signed term sheets with five and we have already locked the supply of 106 to 108 [million] doses,” Vaccine czar Carlito Galvez Jr. said Monday in a televised meeting with President Rodrigo Duterte.

He added that supply agreements will be drawn up by next week, including the two remaining contracts they are negotiating.

“By this coming February second week, we are trying to come up with the supply agreements with vaccine manufacturers, and we will also include the two remaining contracts we are negotiating,” he added.

Galvez did not say which drug companies they have signed terms sheets with.

The government’s target is to purchase some 146 to 148 million doses from seven manufacturers within 2021, according to Galvez. This would inoculate around 70 million Filipinos against the novel coronavirus.

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