Pfizer honest bought a enormous federal purchase command. Photograph: Jakub Porzycki/NurPhoto by the utilize of Getty Images
The Trump administration has agreed to pay Pfizer $1.95 billion for 100 million doses of the experimental coronavirus vaccine the company is increasing alongside with German biotech company BioNTech. The deal also gives the authorities the gorgeous to settle one more 500 million doses.
Why it matters: The federal authorities is betting that Pfizer and BioNTech’s vaccine will successfully stave off the coronavirus and therefore is value procuring for earlier than more definitive clinical trial data come out. The Department of Well being and Human Products and services made a identical deal for Novavax’ vaccine.
