Pfizer to supply 40M COVID-19 shots for poor countries

Pfizer on Friday committed to supply up to 40 million doses of its COVID-19 vaccine this year to a World Health Organization-backed effort to get affordable shots to poor and middle-income countries.

The deal is a boost to the global program known as COVAX, as wealthy nations have snapped up most of the millions of coming shots.

The commitment, announced at a virtual press conference held by the Geneva-based WHO, is seen as important because Pfizer and its partner BioNTech won the first emergency authorization from the influential U.S. Food and Drug Administration in mid-December. That clearance makes it easier for international health groups and poor nations to quickly OK emergency use.

Earlier this week, WHO Director-General Tedros Adhanom Ghebreyesus criticized drugmakers for seeking profits from the pandemic and mostly supplying wealthy countries.

The 40 million doses — for a vaccine requiring two doses — are a tiny sliver of what's needed for COVAX, which aims to vaccinate billions of people in 92 low- and middle-income countries.

The global program previously secured access to nearly 2 billion doses of vaccines from five other vaccine producers, plus options on a billion doses more.

New York-based Pfizer Inc. had not previously committed to providing its COVID-19 vaccine to poor countries without making a profit during the pandemic, as a couple rivals have.

However, Pfizer and Germany’s BioNTech said they would provide their vaccine to COVAX at an undisclosed “not-for-profit price.” The companies still must execute a supply agreement covering distribution, but the doses are to be delivered throughout 2021, starting by the end of March.

“We share the mission of COVAX and are proud to work together so that developing countries have the same access as...