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SVA - Sinovac Biotech News Story

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Last Trade - 22/02/19

Sector
Healthcare
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £188.1m
Position in Universe th / 6851

UPDATE 1-Erdogan says he raised vaccine shipment delays with China

Fri 26th March, 2021 1:12pm
(Adds quotes, details, background)
    ANKARA, March 26 (Reuters) - President Tayyip Erdogan said
on Friday that China had not met their agreed target of
delivering 50 million doses of its COVID-19 vaccine to Turkey by
the end of February, and that he had raised the delay with the
Chinese foreign minister. 
    Turkey signed a deal with China in November to buy 100
million doses of the COVID-19 vaccine developed by Sinovac
Biotech  SVA.O , to be delivered in batches.
    Under the agreement, China was meant to deliver 50 million
doses of the Sinovac vaccine to Turkey by the end of February,
and the rest by the end of April. 
    However, shipments have been beset by delays and China is
still 32 million doses short of meeting the February target.    
    Erdogan said he raised the matter with Chinese Foreign
Minister Wang Yi during talks Ankara on Thursday. 
    "The first agreement we made with China was in fact for 100
million doses, with 50 million doses in the first stage. The 50
million doses have not been received by us as of now and this 50
million phase was supposed to arrive by the end of February,"
Erdogan said.
    Turkey has administered 14.6 million shots, with 8.2 million
people having received a first dose, since Jan. 14 when the
nationwide rollout began. 
    Erdogan said he had reminded Wang of their agreement.
    "I reminded them of this again yesterday. I said 'we rapidly
expect thee 50 million doses from you because our agreement is
in that direction'," he said.
    According to Erdogan, Wang said he would follow the matter
more closely and discuss it with President Xi Jinping. 
    Since rolling out its national inoculation campaign on Jan.
14, Turkey has administered 14.6 million shots of the vaccine,
with 8.2 million people having received a first dose.
    After the talks with China on Thursday, Turkey said it has
begun initial talks to procure Russia's Sputnik-V shot.
 urn:newsml:reuters.com:*:nL1N2LN2WN
    Turkey recorded nearly 29,000 new coronavirus infections on
Thursday, health ministry data showed, just under this year's
highest level a day earlier. Case numbers have continued to
surge after restrictions were eased this month.

 (Reporting by Tuvan Gumrukcu; Editing by Raissa Kasolowsky)
 ((tuvan.gumrukcu@tr.com; +90 312 292 7021; @tuvangumrukcu;
Reuters Messaging:
tuvan.gumrukcu.thomsonreuters.com@reuters.net))
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