WASHINGTON: The U.S. government will pay nearly US$2 billion to buy enough of a COVID-19 vaccine being developed by Pfizer Inc and German biotech BioNTech SE to innoculate 50 million people if it proves to be safe and effective, the companies said on Wednesday.
Under the agreement, the government would also have an option to procure an additional 500 million doses. Pfizer said the price for the additional doses would be negotiated separately if the US orders them. "We're already starting to the process of allocating vaccine vials to a variety of different clinical sites in the US and elsewhere," Dolsten said."We're looking at the map and getting good advice from the CDC. Where do we have the greatest incidence of COVID-19 disease?"
The Pfizer/BioNTech candidate is one of the most advanced of over 150 vaccines being developed against COVID-19, which has claimed more than 600,000 lives globally and crippled economies. The aim is to produce vaccines that can end the pandemic by protecting billions of people from infection or severe illness, and governments have signed deals with drugmakers to secure supplies of various candidates. Whether any will succeed remains far from clear.
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