The Trump administration announced a nearly $ 2 billion contract with pharmaceutical giant Pfizer and a small German biotech company for up to 600 million doses of a Covid-19 vaccine, with companies expected to manufacture the first 100 million doses by December .
Under the agreement, the federal government would obtain the first 100 million doses for $ 1.95 billion, with the rights to purchase up to 500 million more doses. US citizens would receive the vaccine free of charge. Before it can be distributed, this vaccine will first need at least an emergency approval from the Food and Drug Administration.
Large-scale safety trials are expected to begin this month, with a regulatory review scheduled for October.
“Depending on the success of the clinical trials, this agreement will allow the delivery of approximately 100 million doses of vaccine, under development by Pfizer and BioNTech,” said Alex M. Azar II, the Secretary of State for Health, in a statement announcing the agreement .
The Department of Health and Human Services revealed that this is the biggest contract so far under the vaccination program, “Operation Speed Warp”.