ARTICLE | Politics, Policy & Law

COVAX created to try to avoid global bidding frenzy for COVID-19 vaccines

A global funding initiative is trying to prevent a chaotic scramble for COVID-19 vaccines

June 17, 2020 12:55 AM UTC

Panic buying of vaccines by high income countries, mopping up supply and squeezing out lower income countries, is the nightmare postscript to COVID-19 that international health agencies envisage could play out if steps aren’t taken now. A coalition of global health organizations, national governments and private companies has joined together to head-off that possibility.

The COVID-19 Vaccine Global Access (COVAX) Facility is a global purchasing pool created with the goal of ensuring that priority populations around the world have access to vaccines. ...