According to leaked documents, Pfizer wanted secret upfront payments from Australia for its COVID vaccine.
If the COVID vaccine failed to be approved the taxpayer would not recover half the down payment.
Drug company giant Pfizer demanded a massive secret upfront payment from Australia for its experimental Covid vaccine, it can be revealed.
And if the company’s jab failed to get regulatory approval or was never manufactured, the Australian taxpayer would have forfeited the right to recover half the estimated $240 million down payment.
The financial demand — laid bare in bombshell Health Department documents — was so sensitive, the federal government went to extraordinary lengths to hide it from the public.
The original documents, released under Freedom of Information (FOI) in August, show the company’s proposed contract clause for the 10 million doses it offered to deliver Australia in 2021.
“Upfront payment 50% refundable if reg (regulatory) approval not obtained or not manufactured and delivered,” the FOI records says.
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