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Pfizer, US Revise Contract for Donated Vaccines as World Demand Plummets

  • Pfizer extends delivery timeline for doses meant for donation
  • Biden bought a billion to give away but uptake has been slow
Vials of the Pfizer-BioNTech Covid-19 vaccine.

Vials of the Pfizer-BioNTech Covid-19 vaccine.

Photographer: Akos Stiller/Bloomberg

President Joe Biden’s administration has slashed its target for Covid-19 vaccine donations abroad this year, amending a contract with Pfizer Inc. in the latest sign that world demand for the shots has collapsed.

Under the revised deal, a total of 600 million Pfizer doses will be made available to the US by the end of the year, giving the administration more time to find countries who want them. Pfizer had originally agreed to sell a billion shots at cost by this month.