No supply agreement yet? Nograles says COVID-19 vaccines reserved for PH under term sheets

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Metro Manila (CNN Philippines, February 15)— Cabinet Secretary Karlo Nograles on Monday allayed concerns over the absence of signed supply agreements with COVID-19 vaccine manufacturers, saying the term sheets the Philippines has previously entered into mean that the doses are already reserved for the country.

“The term sheets according to Secretary (Carlito) Galvez is already a commitment,” Nograles, also the co-chair of the Inter-Agency Task Force, told CNN Philippines’ The Source. “So it’s not really something to worry about because the term sheet already commits the number of doses na magkakaroon tayo dito sa Pilipinas (that we’ll have here in the Philippines).”

“It’s like already reserved to the Philippines based on those term sheets and then the supply agreement would come forthwith,” he stressed.

Galvez in previous interviews emphasized that finalizing a supply agreement is a complicated process, as such contract would include specific details including payment schemes and delivery dates.

He clarified that due to the limited vaccine supply globally, manufacturers have not been able to provide specific dates of arrival— thus preventing them from entering into supply agreements with the Philippine government.

Nograles, for his part, also stressed that the vaccines would have to earn nod of the country’s Food and Drug Administration.

“There’s a term sheet agreement [on] how many vaccine doses do you need… And it passes through conditions like the FDA approval ng kanilang (of their) EUA, and that’s where the ball gets running in terms of signing the supply agreement,” he said.