U.S. President Joe Biden plans to buy and donate 500 million doses of the Pfizer (PFE.N) coronavirus vaccine to more than 90 countries, while calling on the world's democracies to do their part to help end the deadly pandemic, the White House said.
The shots, which will be produced at Pfizer's U.S. production sites, will be provided at a not-for-profit price.
They will be part of the total U.S. commitment of $4 billion to COVAX announced earlier this year, a White House official said.Washington is also taking steps to support local production of COVID-19 vaccines in other countries, including through its Quad initiative with Japan, India and Australia. Pfizer plans to produce the half a billion doses at its facilities in Kalamazoo, Michigan; McPherson, Kansas; Chesterfield, Missouri; and Andover, Massachusetts, the White House said.
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