US to pay $2.9 billion to Sanofi, GlaxoSmithKline in Covid-19 vaccine deal

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WASHINGTON (REUTERS) - The US government will pay US$2.1 billion (S$2.89 billion) to Sanofi and GlaxoSmithKline for Covid-19 vaccines to cover 50 million people and to underwrite the drug makers' testing and manufacturing, the companies said on Friday (July 31).. Read more at straitstimes.com.

WASHINGTON - The US government will pay US$2.1 billion to Sanofi and GlaxoSmithKline for Covid-19 vaccines to cover 50 million people and to underwrite the drug makers' testing and manufacturing, the companies said on Friday .

The deal, announced by the US Department of Health and Human Services and Department of Defense, works out at a cost of around US$42 per person inoculated. The Sanofi-GSK deal is for 100 million doses, at two per person, and gives the government an option to purchase an additional 500 million doses at an unspecified price.Sanofi executive Clement Lewin said the companies had not yet agreed with the government on a specific price for the additional doses.

The two companies' inoculation is combination of a vaccine based on Sanofi's flu shots and a complementary technology from GSK called an adjuvant, designed to improve the vaccine's potency.It marks the second contract for the Franco-British pair's vaccine candidate after they agreed earlier this week to supply 60 million doses to the British government.

 

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