International Finance
Featured Healthcare

Johnson & Johnson becomes first to register Covid-19 vaccine in South Africa

Johnson & Johnson Covid_IF_Image
The government hopes to receive its first vaccine dose from the Covax global vaccine distribution scheme in the second quarter of 2021

Pharamaceutical giant Johnson & Johnson has applied to register a Covid-19 vaccine in South Africa, according to the  South African Health Products Regulatory Authority. That makes Johnson & Johnson the first pharamaceutical company in the country to register a Covid-19 vaccine. 

It is reported that the government hopes to receive its first vaccine dose from  the Covax global vaccine distribution scheme in the second quarter of 2021. The method will include a ‘rolling review approach’ where the evaluation for the vaccine candidate is carried out as data becomes available. 

In this context, President Cyril Ramaphosa told the media “It is anticipated that we could have access to a suitable vaccine by the second quarter of 2021 and will initially receive quantities for at least 10 percent of the population. While this gives us hope, the reality is that it will take some time before we can vaccinate enough South Africans to be assured of little to no transmission of the virus, and it will be a costly undertaking. We need to prepare for this, and be ready to make the difficult decisions about where to find the money and when to deploy it.” 

The regulator will follow the guidelines set out by the World Health Organisation and work carried out by international counterparts. These include European and US pharmaceutical regulators. The move is an attempt to speed up approvals by avoiding the work that has already been done, media reports said. The first Covid-19 vaccine application is expected to come out in the next one or two weeks.

What's New

Business Leader of the Week: Meet Michael Bambang Hartono, Indonesia’s wealthiest person

IFM Correspondent

Australian unemployment rate rises more than expected in April

IFM Correspondent

IF Insights: Crises-ridden Egypt economy undertakes its much-needed course correction

IFM Correspondent

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.