U.S. agrees to pay Pfizer and BioNTech $2 billion for 100 million doses of coronavirus vaccine

Ed.'s note: Can you hear the sound of a cash register as the US corporation contracts with two pharmaceutical corporations? Kaching, kaching, kaching.... Aren't we lucky? We don't have to pay for it.
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Source: CNBC

July 22, 2020 | By Will Feuer

KEY POINTS

• Under the agreement, the U.S. will get 100 million doses of the vaccine, if it works, and can acquire 500 million additional doses if needed.

• German biotech firm BioNTech and U.S.-based Pfizer are jointly developing the vaccine. 

• HHS said Americans won't have to pay for it.

The U.S. will pay Pfizer and biotech firm BioNTech $1.95 billion to produce and deliver 100 million doses of their Covid-19 vaccine if it proves safe and effective, the companies announced Wednesday.

It was the largest such deal between the government and companies racing to develop a coronavirus vaccine.

Under the agreement, the U.S. can acquire 500 million additional doses, the Department of Health and Human Services said. Germany-based BioNTech and Pfizer are jointly developing four potential vaccines.

If one of the vaccines proves safe and effective in a large phase three trial and receives regulatory approval, HHS said Pfizer will begin to deliver doses to locations across the U.S. at the government’s direction. The vaccine would then be made available to Americans “at no cost," HHS said. It's unclear who the first doses of the potential vaccine would go to and how that decision would be made.

The companies previously said they expect to begin a large trial with up to 30,000 participants later this month, if they receive regulatory approval.

Shares of Pfizer were 3.8% higher in early trading Wednesday and BioNTech stock was up 4%.

The companies announced earlier this month preliminary data for vaccine candidate BNT162b1, the most advanced of their four potential vaccines. Researchers said the early-stage clinical trial showed the BNT162b1 vaccine produced some neutralizing antibodies, which researchers believe is necessary to build immunity to the virus.

Health officials have previously warned that one of the greatest challenges of rapidly rolling out a vaccine will be obtaining the supplies necessary to produce enough doses. That includes syringes and transport media. However, HHS Secretary Alex Azar said on CNBC's "Squawk Box" later Wednesday that the government has bolstered the supply chain so the companies can at least produce enough initial doses to vaccinate the U.S.

Please go to CNBC to read the entire article.
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Trump hails 'historic' vaccine deal with Pfizer: 'We think we have a winner’ https://t.co/OnUGLiqJqf pic.twitter.com/Nl6BMZJ5Wy

— The Washington Times (@WashTimes) July 22, 2020

It is likely both Pfizer and BioNTech will include nanoparticles in their coronavirus (influenza and common cold) vaccines (injectables).

COVID-19 vaccine development and a potential nanomaterial path forward


Bayer AG is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. In 1925, Bayer was part of the IG Farben conglomerate and later under the Third Reich. In September 2016, Monsanto agreed to a $66 billion offer by Bayer in an acquisition deal. Today, Bayer AG works closely with the German pharmaceutical cartel BioNTech.

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If Dr. Andrew Kaufman is correct in his observation, that there is no virus and there is no new disease from this global corporate coronavirus operation, this sets up a huge disparity in our minds. On the one hand, we have the giant pharmaceutical cartels Pfizer and BioNTech working with the US Corporation in this $2 billion deal to deliver coronavirus vaccines, and in the other hand, evidence suggests there is no virus and no new disease. How are we to begin to comprehend this disparity?

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What else would we expect coming out of Oxford?

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