Biden donates 500m more COVID-19 vaccine doses for poor countries

Biden donates 500m more COVID-19 vaccine doses for poor countries..

President Joe Biden has pledge to donate additional 500 million more COVID-19 vaccine doses to poor countries.

He made the promise today at a virtual summit to boost global vaccination rates.

He said he will push other world leaders to do more to curb the COVID-19 pandemic.

The fresh hefty covid-19 vaccine doses bring U.S. donations to the rest of the world up to more than 1.1 billion doses.

The vaccines from Pfizer Inc (PFE.N) and BioNTech SE will be made in the United States and shipped to low and lower middle-income countries.

The shipment will start in January, a U.S. senior administration official said ahead of the announcement.

“This is a huge commitment by the U.S. In fact for every one shot we have administered in this country to date, we are now donating three shots to other countries,” the official told reporters.

A source familiar with the issue said the government would pay some $7 per dose.

In June, the Biden administration agreed to buy and donate 500 million doses of the vaccine.

Under the terms of that contract, the United States will pay Pfizer and BioNTech around $3.5 billion or $7 a dose for the shots.