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March 19, 2021

Philippines approves Sputnik V Covid-19 vaccine for emergency use

The Food and Drug Administration of the Philippines has given approval to Sputnik V Covid-19 vaccine for emergency use, as the country struggles with spike in infections.

The Food and Drug Administration of the Philippines has approved Sputnik V Covid-19 vaccine for emergency use, as the country struggles with a surge in infections.

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The two-dose Sputnik V vaccine has been developed by Russia-based Gamaleya Institute.

This vaccine is the fourth to get Emergency Use Authorization in the Philippines, Reuters report.

FDA chief Rolando Enrique Domingo said: “The known and potential benefits of the Gamaleya Sputnik V vaccine… outweigh the known and potential risks.”

Interim data indicated that the Russian vaccine had shown an efficacy of 91.6% in people aged 18 years and above.

Domingo said US vaccine manufacturers Moderna and Johnson & Johnson have made enquiries about the requirements for EUA but have not yet filed applications.

In South East Asia, the Philippines has the second-highest number of Covid-19 cases and deaths. It is witnessing a renewed surge in infections, with almost 20,000 new cases reported in the last four days.

The Filipino Government intends to make 140.5 million vaccines available by the end of this year to vaccinate 70 million adults. It began vaccinating on 1 March and has secured delivery of 1.125 million doses of Sinovac and AstraZeneca vaccines.

The pandemic has badly hit its economy, which contracted by 9.5% last year.

Last month a health panel in Vietnam recommended approval of the Russian vaccine.

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Free Whitepaper
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What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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