A Nigerian researcher has developed a COVID-19 vaccine with a high probability to succeed but the cost of clinical trial estimated at over $1.5m, has become a stumbling block.
Minister of Health, Dr. Osagie Ehanire, revealed this on Thursday that during a ministerial media briefing organized by the Presidential Communication Team at the Presidential Villa, Abuja.
He explained that about $1.5 million was needed for clinical trial for the local production of COVID-19 vaccine but the government was unable to fund it because of the toll on the economy occasioned by the pandemic.
While wondering how to secure the $1.5 million needed to fulfill all the stages of the trial, he said government may have to look for sponsors who would recoup their investment if the vaccine is successful.
He said: “There are at least two, perhaps even three, Nigerian laboratories that have developed what you call vaccine candidates.
“In fact, yesterday, we also talked to a fourth Nigerian laboratory, based in Maryland, USA, he has also produced his own vaccine candidate. A vaccine candidate means that you have already been able to get the antigen, you have produced something that will work.
“Now, you have to do what is called the clinical trials; clinical trial means you go through testing it that it’s safe. First of all, if it’s safe, it doesn’t cause a problem. Secondly, that it does what it promises to do; generate antibodies in your system. Okay.
“So, you go through those clinical trials, which are very detailed and they are expensive.
“One of our researchers here, who has produced such a candidate, I asked him, how much do you think you’ll need to go through these clinical trials; phase one, phase two, phase three? At least $1.5 million.
“That’s a lot. Do we have that now to test a vaccine? Well, we say we look for sources where we can get the sponsors, because the sponsorship is what you need.
“What some people do is that they invest in it and then once you produce the vaccine it’s successful, they buy it and that means you are done. But if it turns out not to have worked, your money is gone.
“It’s hard to find a way to sponsor these clinical trials because the are expensive and they have a very good chance of being successful, but some of them also have a good chance of not being able to see strong enough you know, the trick of efficacy. The efficacy means how well it works.
“So, we want to support our own vaccine and do the necessary to make sure they come out, but we are looking for the funds to support and also the necessary technical and whatever other backings that are required to get them to a level where they can… not only shall we be proud, it will be cheaper for us, we can be able to export also.
“So, we are looking at that, we’re looking for it and that’s in fact our preference. We know that those who are producing a vaccine now, we are at their mercy and I’ve said before that even if you have money now, you may not even get your vaccine.”
The Health Minister also explained the reason behind the delay in getting the supplementary budget ready for the procurement of COVID-19 vaccines.
He said that government wants to get a clearer picture of the different prices of the available vaccines, before submitting a budget.
President Muhammadu Buhari was
expected to forward a supplementary budget to the National Assembly to provide for funding of the COVID-19 vaccination in the country and as well make more money available to procure military hardware.
But Dr. Ehanire said the figures were still in rough stages and would soon be fine-tuned.
According to him: “There are different prices of the vaccines and we don’t really know exactly the one we’re getting. And we also know that the ones we’re getting from COVAX is at no cost to us. So what we’re doing is that the additional ones that we’re going to get will take care of 50 million Nigerians, COVAX will take care of 20 million, they are even offering to take care of more than that, maybe up to 30 million.
“The prices vary, some vaccines are in the neighborhood of $20 or $30, others are $5 or $6. So to really make a budget, we are working on rough sketch, some money have been earmarked. But Mr. President has also announced that there will be a supplementary budget. But we want to get a clearer picture first, before you actually submit a budget.
“So, we only have rough figures and as soon as those figures are there we can continue. We are also looking for perhaps, as I said, if we have to make the the payments, we can find some money to do that. But when that budget time comes, we need some precise information.”
Asked to give an idea of the cost, Ehanire said: “I can’t disclose any figure to you now because is not something we can immediately put out because as I said before, the prices are different.
“We are looking at Johnson and Johnson now, but if for example, we are to get more AstraZeneca vaccine, there is a steep difference between the two. And then again, if they are going to give you the Pfizer vaccine, Pfizer was on the original list of COVAX and that is different. So we’re not really going to go public but very soon we will once we have all the figures.”