Wed. Aug 4th, 2021

Health Secretary Francisco Duque 3rd has set a review of the pricing of the vaccines for the coronavirus disease 2019 (Covid-19) on suspicions of overprice.

(Photo Courtesy: The San Diego Union-Tribune)

This, as Senator Panfilo Lacson said that there could have been an overpricing of as much as P10 billion in the government’s purchase of Covid-19 vaccines.

“We need to review the pricing [with the Department] of Finance (DOF). Must ensure there is no overpricing,” Duque told a national daily partly in Filipino.

DOF Finance Secretary Carlos Dominguez 3rd earlier told a senate hearing that the average price per Covid-19 vaccine dose is P568, and that excludes the logistics cost of P48 per dose.

However, the government said that it cannot fully disclose the exact pricing of vaccines as it has signed nondisclosure agreements with vaccine manufacturers, who in turn offer different prices.

As of the latest, the government expects more than 4 million doses of Covid-19 vaccines to be delivered next week, including 2.5 million doses of Sinovac, 1.17 million doses of AstraZeneca, and 3.239 million from the “donation sharing” initiative of the COVAX facility and the United States of America.

In August, the Philippines is slated to receive a total of 16.570,000 doses of Covid-19 vaccines – 8.4 million doses of Sinovac, 1.17 million doses of AstraZeneca, 2 million doses of Pfizer, 1 million doses of Moderna, and 4 million doses from the COVAX facility, he said.

So far, the Philippines has a total of 20.8 million in stockpile, of which 9.180 million are donated vaccines.

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