Health Minister Ong Ye Kung said in Parliament on Tuesday (March 21) that about 15 per cent of Singapore's current Covid-19 vaccines have expired. The expired stock is said to be worth about $140 million, said Ong during the House's debate about the Covid-19 White Paper. 'In the coming months, this is likely to rise to close to 25%, as...
Health Minister Ong Ye Kung said in Parliament on Tuesday that about 15 per cent of Singapore's current Covid-19 vaccines have expired.
Explaining the situation, Ong said that the expired vaccines are a result of "deliberate" over-procurement to "mitigate the uncertainty of [a] selected vaccine candidate not working, and the possible disruption of supply chains". He brought up the example of how Singapore had to resort to a Circuit Breaker in April 2020 to contain the pandemic, before the vaccines were available."The two-month Circuit Breaker cost us around $11 billion in terms of GDP loss. And we spent close to another $60 billion over two years to cushion the hardship for businesses and workers, not to mention the heartaches and difficulties families had to go through.
Amid the world's demand for vaccines, the workgroup recommended a portfolio approach, which meant buying a selected number of vaccines across different technology platforms — including both mRNA and non-mRNA platforms.
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