Regeneron signs a $450 million contract with the U.S. government for its coronavirus therapy

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Regeneron receives $450M in “Operation Warp Speed” funding for its coronavirus antibody drug.

The U.S. government signed a $450 million contract with Regeneron Pharmaceuticals to make and supply its potential double-antibody cocktail for Covid-19.

The cocktail, REGN-COV2, is in separate clinical trials assessing its effectiveness in preventing and treating Covid-19,Regeneron signed the contract with the U.S. Department of Health and Human Services' Biomedical Advanced Research and Development Authority and the Department of Defense. The doses manufactured under the project will be owned by the federal government.

The government will support manufacturing REGN-COV2 for immediate use in the country, if the clinical trials are successful and the U.S. Food and Drug Administration grants emergency use authorization or product approval.

 

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The one thing this admin has gotten correct about the pandemic. Pouring money into many possible tx and vax candidates.

What a waste. Symptoms for most are non-existent or like a common cold.

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