(AbsoluteNews.com) – President Donald Trump’s “Warp Speed” COVID-19 immunization is well on its way to finding a sustainable treatment for the virus. This week, the administration made a massive deal to help keep the possible vaccine affordable for the American people.
On July 22, the Trump administration signed an agreement with BioNTech, a German biotech firm, and Pfizer, an American pharma company. The US will pay $1.95 billion for the production and delivery of 100 million doses of an effective and safe COVID-19 vaccine. Our government will also be able to acquire 500 million more doses.
UPDATE: We're proud to announce an agreement with @HHSGov @SecAzar under Operation #WarpSpeed for up to 600M doses of our #COVID19 vaccine candidate currently in development with @BioNTech_Group.@BARDA @JPEOCBRND @PHEgov
— Pfizer Inc. (@pfizer) July 22, 2020
According to reports, the potential vaccine will cost $19.50 or right around $40 for two doses. Sally Beatty, a Pfizer spokeswoman, said the company’s price accounts for “public health requirements during the training.” In June, the Trump administration said the immunization will cost nothing for vulnerable and low-income people in the US.
The latest deal illustrates how important a hunt for a vaccine is for President Trump.
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