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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » woow....Cabinet approved Vaccine purchase COVAX proposal short time a go

woow....Cabinet approved Vaccine purchase COVAX proposal short time a go

4 posters

Go down  Message [Page 1 of 1]

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
[ltr]http://www.adaderana.lk/news/70497/cabinet-nods-for-sri-lanka-to-receive-covid-19-vaccine-through-covax

[/ltr]



Last edited by DamithAsian on Tue Jan 05, 2021 1:10 pm; edited 1 time in total (Reason for editing : nn)

kanishkaecomm

kanishkaecomm
Manager - Equity Analytics
Manager - Equity Analytics
Is this bad for HHL & EXPO? bounce

DamithAsian likes this post

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
@kanishkaecomm wrote:Is this bad for HHL & EXPO? bounce

EXPO and HHL who made the initial proposal no Very Happy

kanishkaecomm

kanishkaecomm
Manager - Equity Analytics
Manager - Equity Analytics
@DamithAsian wrote:
@kanishkaecomm wrote:Is this bad for HHL & EXPO? bounce

EXPO and HHL who made the initial proposal no Very Happy
WHY???

hanuma


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is big benefit for EXPO. Now sure RS43++++++

DamithAsian likes this post

kanishkaecomm

kanishkaecomm
Manager - Equity Analytics
Manager - Equity Analytics
HHL and EXPO are the facilitators for the Government vaccine initiatives.


By Easwaran Rutnam

Sri Lanka is in talks with Pfizer and AstraZeneca to obtain the coronavirus vaccine after a private company facilitated the talks and offered to handle the logistical arrangements.

Hemas Pharmaceuticals, the agent for Pfizer and AstraZeneca in Sri Lanka, said that it has established contacts between Pfizer and the Ministry of Health to secure the vaccine for Sri Lanka.

Managing Director of Hemas Pharmaceuticals Jude Fernando told Daily Mirror that his company has facilitated talks between Pfizer and AstraZeneca and the Ministry of Health in Sri Lanka.

Fernando said that a proposal has also been submitted to the government on the best possible way to arrange the supply of the vaccine.

“Pfizer is the frontrunner so we gave a proposal to the government to consider getting the vaccine. On our side we are ready to manage the logistics,” he said.

Fernando said that the Government will now decide which company it wants to further negotiate with, be it Pfizer, AstraZeneca, or any other company.

“There is a procedure to follow. An agreement will need to be signed and once that is signed the rest of the information will be shared between both parties and other factors will then be looked into,” he said.

Among the matters both sides will need to discuss and reach an agreement on is the price for the vaccine, quantity required, and date for supply.

As the private sector has not been authorized to import the vaccine to Sri Lanka Hemas says it cannot import the vaccine on its own.

If all goes well Hemas is confident it will be able to supply the virus to Sri Lanka during the second quarter or third quarter of next year.

In addition, Sri Lanka has had talks with Russia and China and the World Health Organization to obtain a vaccine for the coronavirus. (Courtesy Daily Mirror)

https://colombogazette.com/2021/01/0...through-covax/

***Not for buy or sell recommendation, but for investor education

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics
''If all goes well Hemas is confident it will be able to supply the virus to Sri Lanka during the second quarter or third quarter of next year.''


next year? 2022? I don't think we need a vaccine by then.

DamithAsian likes this post

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
Covax facility Application

Countries are informed to submit vaccine request applications under two phases to receive the vaccine facility and the first part and part A which includes the information regarding the target group, store capacity, and technical information was submitted by Sri Lanka before the deadline on December 07, 2020.
**Storing
**Logistics

kanishkaecomm

kanishkaecomm
Manager - Equity Analytics
Manager - Equity Analytics
@Junior investor wrote:''If all goes well Hemas is confident it will be able to supply the virus to Sri Lanka during the second quarter or third quarter of next year.''


next year? 2022? I don't think we need a vaccine by then.
It would be nice if that happened, but we have to face the truth.

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
@kanishkaecomm wrote:
@Junior investor wrote:''If all goes well Hemas is confident it will be able to supply the virus to Sri Lanka during the second quarter or third quarter of next year.''


next year? 2022? I don't think we need a vaccine by then.
It would be nice if that happened, but we have to face the truth.

I think there are two ways of receiving vaccine. One through UNICEF and then purchasing from manufacturer via an Agent. By now Hemas has crossed over huge turnover and profit for Q3 so vaccine things affect may applicable to in coming quarters. EXPO also same. They may have already passed targets for the Q3.

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