🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

UPDATE 2-Cut in supplies of Pfizer coronavirus vaccines to hit Canada, Europe too

Published 2021-01-19, 01:45 p/m

(Adds Canadian officials' comments, supply details)

By David Ljunggren and Moira Warburton

OTTAWA/TORONTO, Jan 19 (Reuters) - Pfizer Inc (NYSE:PFE) PFE.N told Canada on Tuesday it will receive no coronavirus vaccines next week, officials said, an unexpected development that promises more pain for provinces already complaining about a shortage of supplies.

Pfizer said last week it would slow production in late January and early February because of changes in manufacturing processes, resulting in a supply cut for Canada and European Union nations.

Canada had already predicted last week that Pfizer shipments would be cut in half over the next month. But Major-General Deny Fortin, who is helping organize the inoculation campaign, said Pfizer had now announced all Canadian deliveries promised for the week starting Jan. 25 would be pushed back into February.

"The effect next week will be severe, more severe than we had initially expected," he told reporters, predicting "a considerable impact" in all 10 provinces.

Pfizer still planned to meet commitments to supply up to 4 million doses of the vaccine by the end of March, he said.

Canada, struggling to deal with a rapidly spreading second wave of the coronavirus, has reported a total of 18,120 deaths and 715,072 cases so far.

European governments last week said the Pfizer supply problems were unacceptable and meant the credibility of their vaccination programs was at risk. Procurement Minister Anita Anand said the delay was "very disappointing", adding she had insisted to Pfizer over the weekend that Canada be treated fairly and not be forced to wait longer than other nations for vaccines.

"Pfizer assured me and Canada of equitable treatment," she told reporters. "Pfizer Canada has assured us that we will have our full allotment and I believe Europe will also receive its full allotment."

The premier of Alberta said on Monday his province would run out of doses within a day.

The premier of Ontario, the most populous province, said Canadian Prime Minister Justin Trudeau should be doing more to pressure the head of Pfizer.

"We've got to be on these guys like a blanket. I'd be outside that guy's house - every time he moved, I'd say 'Where's our vaccines'?" Doug Ford told reporters.

Quebec Premier Francois Legault urged Ottawa to ban non-essential international travel and better enforce a mandatory 14-day quarantine for arriving passengers.

Trudeau, in a separate briefing, told Canadians not to travel abroad and said Ottawa could if necessary "introduce new measures without warning". He did not give details.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.