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Fil-Chinese business group inks deal with Sinovac for COVID-19 vaccine doses worth P325-M

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ABS-CBN News

<figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1627784" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>MANILA—The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII) on Wednesday night signed a deal with China&#x27;s Sinovac Biotech for some 500,000 doses of its COVID-19 vaccine worth P325 million, a top official of the group said.</p><p>In an interview with ABS-CBN&#x27;s Teleradyo, federation chairman emeritus Francis Chua said each dose of Sinovac vaccine costs P650.</p><p>The Food and Drug Administration (FDA) this week granted emergency use authorization for the firm&#x27;s vaccine, which would pave the way for its delivery to the Philippines.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/02/22/21/philippines-grants-eua-to-covid-19-vaccine-of-chinas-sinovac">READ:  Philippines grants EUA to COVID-19 vaccine of China&#x27;s Sinovac</a></li>	<li><a href="https://news.abs-cbn.com/spotlight/01/14/21/efficacy-data-sinovac-covid19-vaccine">READ:  EXPLAINER: What&#x27;s behind varying efficacy data for Sinovac&#x27;s COVID-19 vaccine?</a></li></ul><p>&quot;We would pay before the delivery so pinahanda na po lahat ang pera sa amin. So tonight, we signed the contract. Tomorrow, we will start collecting the money para mabayaran,&quot; Chua explained. </p><p>(We will start collecting the money to pay for the vaccine.) </p><div><strong>RELATED VIDEO: </strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/OfxfTaUf1rI?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>He added that upon signing the group would need to meet with vaccine czar Carlito Galvez Jr. to have a tripartite agreement with the government. </p><p>The next stage, Chua said, would be the approval of China&#x27;s health department to export the doses to the Philippines and its coordination with the Department of Health (DOH). </p><p>&quot;[Likewise,] the DOH in the Philippines [should be] willing to issue the license to the 500,000 doses,&quot; he said. </p><p>The FFCCCII said the earliest time to have the doses delivered is next month. </p><p>Chua earlier said that the FFCCCII talked to different vaccine manufacturers but it turned out that Sinovac was the first to provide the order. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/23/21/ilang-negosyanteng-fil-chinese-balak-mag-order-ng-covid-19-vaccines-para-sa-mga-empleyado">READ: Ilang negosyanteng Fil-Chinese balak mag-order ng COVID-19 vaccines para sa mga empleyado</a></li></ul><p>FDA Director General Eric Domingo said that interim data from Sinovac show the vaccine has an efficacy rate on patients aged 18 to 59 years of 65.3%, based on trials in Indonesia, and up to 91.2% based on trials done in Turkey.</p><p>Several countries, including in Asia, have already rolled out their respective COVID-19 vaccination programs.</p>

<p>The FDA this week granted emergency use authorization for the firm's vaccine, which would pave the way for its delivery to the Philippines.<br /> </p>

The FDA this week granted emergency use authorization for the firm's vaccine, which would pave the way for its delivery to the Philippines.