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Pfizer & BioNTech Strike $1.95 Billion Deal With US For COVID19 Vaccine Doses
Pfizer & BioNTech Strike $1.95 Billion Deal With US For COVID19 Vaccine Doses
Pfizer Inc (PFE.N) and German biotech firm BioNTech SE (22UAy.F) will get $1.95 billion from the U.S. government to produce and deliver 100 million doses of their COVID-19 vaccine candidate, the companies said on Wednesday.
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 and BioNTech’s vaccine candidate is among those that are set to be tested in a large trial. The vaccine has shown promise in early-stage small studies in humans.
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.
So now we can see why this “novel” coronavirus was treated as an apocalyptic virus, because there is a lot of money to be made on us.
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