Brazil Reaches Deal to Produce Oxford Covid-19 Vaccine - (Bloomberg via NewsPoints Desk)

  • Brazil reached a deal with the UK to produce the COVID-19 vaccine that has been developed by Oxford University and AstraZeneca, Bloomberg reported.

  • Health Ministry Executive Secretary Elcio Franco said that Brazil will spend $287 million to buy vaccine doses and ingredients for as many as 100 million injections that it will be able to produce locally with the technology transfer.

  • The first order will cost Brazil $127 million, regardless of the final results of the vaccine clinical trials, Franco said.

  • "The research risk we’re taking is necessary given the urgency of an effective solution to maintain public health and resume economic growth," he added.

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