vaccines

Responding to the EU’s proposed reform of pharmaceutical regulations, Piotr Kolczyński, EU Health Policy Advisor at Oxfam and the People’s Vaccine Alliance, said: "Reducing the exclusivity of data is a step towards improving access to medicines within Europe, but it is total hypocrisy for the EU to protect the right to health in their own borders while undermining it elsewhere. 

Rich countries have secured almost three times as many courses of a World Health Organisation (WHO)-recommended COVID-19 medicine, Pfizer’s Paxlovid, according to new analysis from Oxfam and the People’s Vaccine Alliance.

The richest 1 percent have more wealth than the bottom 95 percent of the world’s population put together, new Oxfam analysis of UBS data reveals today ahead of the annual UN High-Level General Debate. 

Multilateral efforts are failing to adequately respond to critical global challenges, including the climate crisis and persistent poverty and inequality. While some have blamed the deadlock solely on rising geopolitical tensions between powerful countries, such a focus is incomplete. Rather, a key reason for failures of international cooperation is extreme economic inequality. Today, the world’s richest 1% own more wealth than 95% of humanity.

In response to World Health Organization (WHO) member states not reaching an agreement on a pandemic accord in time for the World Health Assembly this week, Oxfam International’s Health Policy Lead, Anna Marriott, said: “Negotiators have been working on drawing up a global treaty meant to prevent a repeat of the extreme vaccine apartheid between Global North and South during the COVID-19 pandemic. But time and time again in these negotiations, rich countries have danced to the tune of big pharmaceutical corporations instead of healing the deep geopolitical chasms caused by their short-sighed vaccine nationalism."

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years.

Responding to news that the EU has discarded at least 215 million doses of COVID-19 vaccine, Piotr Kolczyński, EU Health Policy Advisor at the People’s Vaccine Alliance and Oxfam, said: “This is further proof that the EU wasted millions of its COVID-19 vaccines, hoarded early in the pandemic, as it locked poorer countries out of access.

Max Lawson, Oxfam International's Head of Inequality Policy at Oxfam, said: "The G7 had failed the Global South here in Hiroshima.  They failed to cancel debts, and they failed to find what is really required to end the huge increase in hunger worldwide. They can find untold billions to fight the war but can’t even provide half of what is needed by the UN for the most critical humanitarian crises."

Less than half (49 per cent) of the 2.1 billion COVID vaccine donations promised to poorer countries by G7 countries have been delivered, according to new figures published today by Oxfam and the People’s Vaccine Alliance.  

For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate, reveals a new Oxfam brief today. “Profiting from Pain” is published as the World Economic Forum — the exclusive get-together of the global elite in Davos — takes place for the first time face-to-face since COVID-19, a period during which billionaires have enjoyed a huge boost to their fortunes.