Pfizer to resume COVID-19 vaccine shipments to EU within two weeks but Canada says no changes yet - Global News | Canada News Media
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Pfizer to resume COVID-19 vaccine shipments to EU within two weeks but Canada says no changes yet – Global News

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Pfizer-BioNtech will be resuming shipments of its coronavirus vaccine to the European Union within the next two weeks, but there have been no more changes to Canada’s deliveries.

The pharmaceutical giant announced Friday it would be temporarily reducing the number of vaccines shipped in order to upgrade one of its facilities in Europe.

“We will be back to the original schedule of deliveries to the European Union beginning the week of January 25,” Pfizer said in an online statement late Friday. Arianna Podesta, a spokesperson for the European Commission, confirmed the revised schedule in an emailed statement to Global News.

As of Saturday, Procurement Minister Anita Anand said there were no updates to Pfizer’s announcement, which saw vaccine shipments to Canada will be cut in half for the next four weeks.

Read more:
‘Temporary delay’ chops Canada’s deliveries of Pfizer vaccine in half for four weeks

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Canada’s shipment of Pfizer vaccines for the week of Jan. 18 remains “largely unaffected,” Anand said.

She added the federal government was in touch with Pfizer representatives to “reiterate firmly the importance for Canada to return to our regular delivery schedule as soon as possible.”

“This is an evolving situation,” Anand said.

In response to multiple requests for clarification, Pfizer said “the principal of equity is used when considering allocation of doses worldwide and we expect to have more information in the coming days.”

The move has left many provinces scrambling to adjust their vaccine rollout plans. Some, like Alberta and British Columbia, have publicly expressed concerns over how the delays will affect their vaccine schedules. Manitoba has paused new vaccine appointments until the country is back on schedule.

In Ontario, health officials have extended the amount of time between administering the second dose of the vaccine up to 42 days after receiving the first, while Quebec will allow up to 90 days in between doses.

Anand noted that the delay in shipments will not affect Canada’s long-term goals of having enough doses to vaccinate everyone wants the vaccine by the end of September, saying that “this is a temporary reduction. It’s not a stoppage.”






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Coronavirus: Fortin calls Pfizer delay a ‘bump in the road,’ but says Canada will still meet vaccine target


Coronavirus: Fortin calls Pfizer delay a ‘bump in the road,’ but says Canada will still meet vaccine target

“We are going to see continued vaccines coming in from Pfizer and of course Moderna over the next weeks, but there will be a reduction in doses, and that is the purpose of my being here,” she said Friday.

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“It’s going to be temporary, it’s not a loss, and we will make up those doses.”

So far, Canada has received about 380,000 doses of Pfizer’s vaccine. Anand added that the additional 20 million doses Canada secured this week are still on track to arrive by Q2.

The news highlighted the importance of adhering to public health guidelines as reiterated by Canada’s top health officials calling for “further intensified” measures while presenting an updated COVID-19 federal modelling on Friday.

If Canada does not find a way to slow the spread of the virus, Chief Public Health Officer Theresa Tam said the country could be facing 10,000 cases per day by the end of the month. The total number of cases could also increase by almost 100,000 by Jan. 24, and lead to upwards of 2,000 deaths, the federal modelling showed.

Over a short period of time, vaccinations will do little to curb the virus’ transmission. However, Tam said “if we ease measures too soon, the epidemic will resurge even more strongly.”

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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