Pfizer Vaccine Government Funding

The government will pay pfizer in collaboration with german company biontech 1 95 billion if it receives fda approval for its candidate vaccine and produces 100 million doses by the end of the.

Pfizer vaccine government funding. The federal government will own the 100 million doses of vaccine initially produced as a result of this agreement and pfizer will deliver the doses in the united states if the product receives emergency use authorization or licensure from the u s. The federal government s announcement of agreements to supply vaccines from novavax and pfizer biontech potentially increases the pool of covid 19 vaccines australians will be able to access. They will eat the cost of the hundreds of thousands of doses if the study doesn t turn out as they hope. Pfizer decided not to seek federal funding for development of its covid 19 vaccine research and this is the first financial transaction between the united states and the companies for a covid 19.

Government has ordered 100 million doses of pfizer and partner biontech s covid 19 vaccine for 1 95 billion with the option for 500 million more orders with the vaccine available to. Trump praised pfizer s partnership with operation warp speed despite the government scheme only agreeing to buy the vaccine while it has not funded the vaccine s development. The agreement with pfizer however is different. While the other companies received funding for development of a vaccine pfizer s deal is only for the doses and distribution.

Taxpayer money to help fund its coronavirus vaccine development a move that cbs news margaret brennan pointed out on sunday is a bit of a financial risk for the pharmaceutical giant ceo albert bourla admitted that it will indeed be painful if the vaccine. Pfizer chose not to take u s. Rather its partner biontech se has.