COVID-19 vaccine costs could reach £12bn, as drug companies demand immunity from potential legal cases

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

At least two manufacturers say they will not return taxpayers' money, even if their vaccines fail.

Only one company agreed to fully refund money if its vaccine failed to win approval from the regulatory authorities.Taxpayers may face extra costs as most vaccine companies involved have demanded immunity from potential issues

Taxpayers may incur additional costs because four of the five companies with signed contracts demanded immunity from legal action and claims for damages, with no cap on the liability to government. Meg Hillier MP, Chair of the Committee of Public Accounts, praised scientists and the medicines regulator for developing and approving vaccines so quickly.

"It was clearly right to back a number of horses - nobody could have known which vaccines would work, or when they might be approved. "But the accountability arrangements were highly unusual - even though huge sums of money are involved.England and NHS Improvement calculate that if three quarters of the adult population had two doses of vaccine it would need a total of 46,000 NHS staff, with 26,000 of them administering the injection.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Rich and Elete wont get it....,. God will judge...... I would rather spend an eternity in Heaven with my loved one's, than in hell, have a ling think on that one.....

Why would legal cases be brought into anything when it’s been fully tested for short an long term damage? What these lot scared of?

£12bn for vaccine for disease with over 99% survival rate under 80 and even wen u get it still hve forms of lockdown and still want u to wear a mask.. but yea we are all ‘conspiracy theorists’ CovidVaccines COVID19 freedom

And people will still not join the dots and will still being queuing up to get this. £12b spent and yet it still doesn’t rank as a major killer. Imagine how that money could change cancer research or child poverty? All this does is make the rich richer. Disgusting

Yes

Enjoy your vaccines sheep 💉🐑💉🐑💉🐑💉🐑

This is why people don't trust the Gov and are anxious about taking a vaccine that has been rushed through & taken less than a year to produce. Why do they need immunity if its safe to take and there are no long term side effects? 🤨

Stop watching and listening to main stream media, thats what they want, scare tactics ,dae yer ane research and don't listening to the news or read the paper. Research it through scientists and ask ProfDavidNutt his views or or if he has a link to better info and drs or links

I tested positive last week, ive been terrible with illness, but even in its worst moments I still wouldn't get a vaccine

👿 corona killer! Be careful!

The drug companies don’t trust their own drug to vouch for it? Do we actually need to get vaccinated with a drug that cant be guaranteed for safety?

Another provoking headline. How about just reporting the news.

Immunity? Wow

Why do they need immunity if its safe?

Put the claim by China ! It is the because of chinavirus.!

And there idiots will still be line up to get one

The sheeeple will still have it!

Morons be like “But I thought the vaccines were free?” 😏 Anyone who willingly accepts a product being pumped into them who’s manufacturers refuse to guarantee is safe needs their frickin’ head testing.

Demanding immunity? Sounds like they know it’s rat poison ☠️

Thy say it's safe they should be held accountable

Covid is a hoax

To be fair you can read the leaflet in a box of paracetamol to know there’s a risk in taking them but, People have jumped on the so called “anti vaxxers” saying their irresponsible but at same time telling people this vaccine is safe? No vaccine is 100% safe

Yeah sounds promising..... Waiting for the, it must of spoilt in its storage or transportation headlines next year, as the blame over its minus 70 storage appears....

Blimey, Sky doesn’t get any better even without the hysterical hypocrites!

I’m not surprised they want an indemnity not to be sued!

There should be a clause for atleast some accountability...no company deserves full immunity... pandemic or no pandemic

Considering the huge economic costs of lockdowns and these awful restrictions, the cost of a vaccine is a small price to pay for being able to return to normal and get the economy off life support.

Any news on the definite source of the outbreak Apparently you are a news org

they wont have any legal case to worry about from me

thank you very much for your work

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in BUSİNESS

Business Business Latest News, Business Business Headlines