PHARMA (7081) PHARMANIAGA BHD skids on govt plan to focus on Pfizer
KUALA LUMPUR: Shares of Pharmaniaga fell to a low of 88.5 sen on Friday after the government said states will begin dispensing more Pfizer-BioNTech vaccines over Sinovac.
Pharmaniaga has the contract to deliver the Sinovac vaccines and the latest statement worried investors as it plans to expand the output later.
At 11.40am, the FBM KLCI was down 4.34 points or 0.29% to 1,516.48. Turnover was 2.19 billion shares valued at RM1.37bil. There were 389 gainers, 397 losers and 399 counters unchanged.
Pharmaniaga was down 14 sen to 90 sen. There were 73.22 million shares done at prices ranging from 88 sen to 95.5 sen.
Health Minister Datuk Seri Dr Adham Baba was quoted saying on Thursday the country has started to receive more supplies of Pfizer, says Datuk Seri Dr Adham Baba.
Malaysia has procured 45.7 million doses of Pfizer-BioNTech vaccines - the country’s biggest order of all.
“We will start to move on to Pfizer-BioNTech vaccines as we started giving out many Sinovac vaccines to states at first.
“We ordered 16 million doses of Sinovac vaccines, and half have already been given out. The other half needs to be kept for second doses.
“So, after this, other states will also be switching gradually to Pfizer-BioNTech,” said Dr Adham said.
It was also reported Pharmaniaga LifeScience Sdn Bhd (PLS) is expected to deliver 12.4 million doses of the Sinovac Covid-19 vaccine to the government by next week, instead of November under the original agreement.
Pharmaniaga managing director Datuk Zulkarnain Md Eusope said the supply was being hastened by four months following the surge in cases since April while PLS was operating 24 hours each day in order to achieve the target.
Zulkarnain said up to now, PLS had delivered 11.5 million doses or 93% of the Sinovac vaccine, comprising 3.6 million doses through “fill and finish” manufacturing and 7.9 million doses of the finished product that was imported.
"Pharmaniaga had signed a contract to supply about 12 million doses of the vaccine to the government, whereby under the contract, we have to complete the delivery by November,” he said.
https://www.thestar.com.my/business/business-news/2021/07/16/pharmaniaga-skids-on-govt-plan-to-focus-on-pfizer
