Pfizer has been accused of holding Brazil “to ransom” over demands to shield itself from possible vaccine side-effect lawsuits in its contract to supply the country with 100m Covid jabs.
In its $1bn (£700m) deal with Pfizer Export BV, signed in March, despite its prior complaints, the Brazilian government agreed that “a liability waiver be signed for any possible side-effects of the vaccine, exempting Pfizer from any civil liability for serious side-effects arising from the use of the vaccine, indefinitely”.
Indemnity from compensation claims has been common in contracts between many countries and big pharma companies since the late 1980s.
It’s been standard in vaccine contracts because we know that vaccines will kill some people. Doing anything to the entire population simply will kill some people. Ask the entire population to walk up the stairs and some will die.
We also have state, government, compensation schemes. Because we know vaccines will kill some people. But the public good is such that we’ll all chip in to pay the compo to those who do.
This is nowt to do with ‘rona, it’s just the basics of the whole damn field.
Echoing AstraZeneca’s acrimonious row with the EU, the Brazilian government had previously complained about Pfizer’s stipulation “that if there is a delay in delivery, there is no penalty”. But it agreed in the contract that while Pfizer would “use commercially reasonable efforts to meet the delivery schedule” it would ultimately, “under no circumstances be subject to or liable for any late delivery penalties”.
“All efforts” and “all reasonable efforts”, entirely standard commercial contract language. What in buggery is it that these people are whining about?
All efforts means we sell the CEOs teenage daughter if that’s what it takes to get the vaccines delivered on time. Reasonable means we limit ourselves to what we’d expect a reasonable business to do in order to meet timescales. Like deprive the teenage daughter’s father of his job perhaps, but nor her of her freedom.
Come on people this is just longstanding and well understood commercial law.
The Bureau of Investigative Journalism reported in February that Pfizer had demanded Brazil and Argentina put up sovereign assets as collateral to guarantee indemnity, as well as create a guarantee fund with money deposited in a foreign bank account.
We should probably read that as “you do actually have a real vaccine compensation fund, don’t you?”
Ah, this explains it:
Alena Ivanova, campaigns officer at Global Justice Now, said: “Pfizer is all too happy to cash in on publicly funded coronavirus vaccines, but doesn’t want to take on any of the risk. It’s an all too familiar move from pharmaceutical companies that seem more interested in protecting their profits than protecting the public.
“We can’t keep putting our faith in private companies to provide lifesaving medicines, only to see them hold countries to ransom.”
These cunts are at the root of it. Any stupid argument is acceptable as long as it leads to the overthrow of capitalism.