Kenanga Research cautioned that it is also unclear at this stage as to the financial impact of the agreement on Pharmaniaga, as no guidance was given in terms of pricing and margins, and the government will likely want to see the Covid-19 vaccine delivered in the most competitive manner as possible.
The research unit also highlighted that profit before tax margin for the logistics and distribution segment (of which the distribution of the vaccine is expected to fall under) is razor-thin, averaging at 0.5% over the past 20 quarters.
pharma venture into vaccine business collaboration with China and India vaccine companies. Malaysia government realise the important of vaccine in future.
Itu HartaLega, TopGlove, Supermax & Kossan gave them bittcch bassttard robber gangster IBs, non-stop shorting boddoh bangang idddiot digkkhedds & forever panicking frenzied throw-at-low short term gambling monkkeys a good old hard fuggkking today
Nexgram now open public to que for covid19 vaccine thru its app TracVirus. Is this company already obtain government green light as vaccine agent or its app will be use as tracking platform for people to be vaccine and already vaccinated.
Pharmaniaga Bhd is confident of meeting the targeted vaccine demand of 120,000 shots per day, according to its deputy managing director Mohamed Iqbal Abdul Rahman.He said the company is able to produce two million doses of the ‘CoronaVac’ vaccine made by Chinese pharmaceutical company Sinovac Life Sciences Co Ltd (Sinovac).
Pharmaniaga has invested a total of RM3 million to increase its existing capacity, and is ready to increase its investment if there is high demand for the CoronaVac vaccine.He also expressed hope that the company would get approval from the National Pharmaceutical Regulatory Agency (NPRA) by April to enable the company to distribute the CoronaVac vaccine in Malaysia.
Pharmaniaga has signed an agreement with Sinovac to supply 14 million doses of its Covid-19 vaccine, with the fill and finish process carried out at its high-tech factory in Puchong, Selangor.The company has also signed an agreement to supply 12 million doses of the CoronaVac vaccine to the Ministry of Health (MOH).
The company had a main warehouse facility equipped with a cold room to store the vaccines, in addition to other support systems in case of a power outage.We also have a good 'backbone' in terms of distribution, a set of standard operating procedures (SOPs) which is continuously being enhanced, as well as over 400 skilled workers operating the logistics system with warehouses in five strategic locations, namely two in the Klang Valley, one in the north (of the peninsula) and one each in Sabah and Sarawak.To ensure the distribution can be done in a fast and accurate manner, our transportation system is also equipped with Internet of Things (IoT) technology, where we can track the position of our vehicles so that supplies are received on time.Abdul Malik said there should also be good coordination between vaccine providers and healthcare facilities to avoid stockpiling and wastage.
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Posted by salman > 2021-01-28 11:42 | Report Abuse
Kenanga Research cautioned that it is also unclear at this stage as to the financial impact of the agreement on Pharmaniaga, as no guidance was given in terms of pricing and margins, and the government will likely want to see the Covid-19 vaccine delivered in the most competitive manner as possible.
The research unit also highlighted that profit before tax margin for the logistics and distribution segment (of which the distribution of the vaccine is expected to fall under) is razor-thin, averaging at 0.5% over the past 20 quarters.