Business Essentials for Professionals


BoiNTech Asked By Foxconn Founder To Reserve 30 Mln Covid-19 Vaccines For Taiwan

BoiNTech Asked By Foxconn Founder To Reserve 30 Mln Covid-19 Vaccines For Taiwan
BioNTech SE has been requested to reserve 30 million doses of its Covid-19 vaccine for Taiwan by Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn.
Gou said that he had received a "very good" response from BioNtech on his request.
It has been months that efforts of Taiwan to get access to the Covid-19 vaccine developed jointly by BioNTech and Pfizer Inc, have been unsuccessful. Taipei has alleged that its efforts have been foiled by political interference from China which considers Taiwan to be its own territory. China has refuted the allegations. 
In recent weeks, Taiwan government has allowed Gou of Foxconn – which was formally Hon Hai Precision Industry Co Ltd, as well as Taiwan Semiconductor Manufacturing Co Ltd, to negotiate with vaccine makers on behalf of the government to gain access to the shots. Last month, a deal for 10 million shots worth $350 million was arrived at by the companies which would donate the shots to the government for distribution among the public.
He "had been promised" by vaccine makers of supplying 8 million to 9 million which would be delivered this year with first shots of the lot slated to arrive in the island sometime in September, Gou said in a lengthy post on his Facebook page late on Sunday.
BioNTech had also been requested to reserve 30 million doses for Taiwan for next year, he added, and wrote that his request "at present have received a very good response".
There were no comments available on the issue from BioNTech.
The failed efforts of the Taiwanese government to secure vaccine shots from BioNTech has surprised Taiwan and made the headlines regularly in the island. Even while the government there has been able to effectively bring under control a relatively small domestic coronavirus outbreak, it has managed to fully vaccinate only 5 per cent of the total population of 23.5 million.
Millions of doses of vaccines from Moderna Inc, AstraZeneca PLC and domestic developer Medigen Vaccine Biologics Corp have been ordered by Taiwan's government itself. Last month Taiwan's Cabinet said that the government had placed an order for an additional 36 million doses from Moderna.
Five million doses of its Covid-19 vaccine from BioNTech have also been ordered by a Taiwanese Buddhist group.

Christopher J. Mitchell

Markets | Companies | M&A | Innovation | People | Management | Lifestyle | World | Misc