Thursday, December 3, 2020

Bait and Switch?

 The Pfizer vaccine has been shipped to the UK as per the BBC:

The first consignment of the Pfizer/BioNTech coronavirus vaccine has arrived in the UK.It has been taken to a central hub at an undisclosed location, and will now be distributed to hospital vaccination centres around the UK.The UK has ordered 40 million doses - enough to vaccinate 20 million people.  England's deputy chief medical officer said the first wave of vaccinations could prevent up to 99% of Covid-19 hospital admissions and deaths.

But at the very same time Pfizer announces per Reuters:

 Challenges in Pfizer Inc’s supply chain for the raw materials used in its COVID-19 vaccine played a role in its decision to slash its 2020 production target, a Pfizer spokeswoman told Reuters. Pfizer has said in recent weeks that it anticipates producing 50 million doses of its COVID-19 vaccine this year. That is down from an earlier target of 100 million doses. Pfizer’s vaccine relies on a two dose regimen, meaning 50 million doses is enough to inoculate 25 million people. A company spokeswoman said the “scale-up of the raw material supply chain took longer than expected.” She also cited later-than-expected results from Pfizer’s clinical trial as a reason for the smaller number of doses expected to be produced by the end of 2020. The spokeswoman added that the modifications to Pfizer’s production lines are now complete and finished doses are being made at a rapid pace.

 Let's see what this says. The UK approves and gets all it wants but the US delays and gets cut in half but the stock seems to have given management a big return. 

Now anyone with a modicum of competence in my opinion and in my experience would know how to manage a supply chain and furthermore one does not make an announcement as a public company without the total confidence in such.

Thus one truly wonders if these folks can really walk a straight line? The UK gets what it wants early and we get stiffed. But shutdowns continue.

 If one thinks voting is a problem then they should really look at these folks.