Article

2020-07-23 Economy

US to pay Pfizer, BioNTech $1.95 billion for 100 million Covid-19 vaccine doses

[France24] Pfizer Inc and German biotech firm BioNTech SE will get $1.95 billion from the U.S. government to produce and deliver 100 million doses of theirCovid-19 vaccine candidate.

The agreement allows the U.S. government to acquire an additional 500 million doses, the Department of Health and Human Services and the Department of Defense said.

Pfizer will deliver the doses if the product receives Emergency Use Authorization or licensure from the U.S. Food and Drug Administration, after completing demonstration of safety and efficacy in a large Phase 3 clinical trial.

A vaccine is seen as crucial to tackle the pandemic and governments across the globe have signed deals with drugmakers to secure dosages of their vaccine candidates.

Pfizer and BioNTech are among a handful of companies that are racing to develop a safe and effective vaccine for Covid-19, caused by the new coronavirus. Their vaccine candidate has shown promise in early-stage small studies in humans.

Pfizer's shares rose 4%, while BioNTech's U.S.-listed shares were up about 6% before the bell.

Posted by Besoeker 2020-07-23 02:00|| || Front Page|| [11136 views ] Top

#1 A vaccine that skipped most, if not all of the human trials. The irony here is the first 100 million will be the human trial. The second hard issue is that Dr. F went on a political witch hunt against HQC because there were no specific human trials, one he said would take years. Yet his vaccine will get released to the public with limited to no human trials. He has done the same thing to America with COVID that he did with AIDS. Sad day, lets see what the long term effects are.

Posted by 49 Pan 2020-07-23 10:45|| 2020-07-23 10:45|| Front Page Top

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