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Today's vaccine deal, biggest to date
Posted by: Lemon Drop
Date: July 31, 2020 06:52AM
EDIT: Sanofi is going old-school with it's vaccine, choosing reliability over speed:

Moving quickly has “two downsides,” Hudson said on a call with reporters. Companies at the front of the race are using “existing work,” in some cases done for Severe Acute Respiratory Syndrome (SARS). He has concerns over efficacy for the frontrunners, and added there’s “no guarantee” of being able to supply those candidates in large volumes.

Sanofi, however, is advancing the “only vaccine in the race that’s off a proven platform that works at scale,” Hudson said on the call.

[www.fiercepharma.com]



"The deal with Sanofi and GlaxoSmithKline is the biggest so far with the U.S. government.
The French drug maker Sanofi said on Friday that it had secured an agreement of up to $2.1 billion to supply the United States government with 100 million doses of its experimental coronavirus vaccine, the largest such deal announced to date.

The arrangement brings the Trump administration’s investment in coronavirus vaccine projects to more than $8 billion. This sprawling, multiagency effort, known as Operation Warp Speed, is placing bets on multiple vaccines and is paying companies to manufacture millions of doses before clinical trials have been completed.

“The global need for a vaccine to help prevent Covid-19 is massive, and no single vaccine or company will be able to meet the global demand alone,” Thomas Triomphe, executive vice president and global head of Sanofi Pasteur, the company’s vaccine division, said in a statement.

Under the deal announced, Sanofi and its partner, the British pharmaceutical company GlaxoSmithKline, will receive federal funding to pay for clinical trials as well as for manufacturing the vaccine. Sanofi said the deal also includes an option for the company to supply an additional 500 million doses. The company expects to begin clinical trials to test for safety in September, followed by late-stage efficacy trials before the end of this year. Sanofi said it could apply for regulatory approval in the first half of next year.

If the vaccine is successful, it would be made available to Americans at no cost, other than what providers charge to administer it, the federal government said in a statement.

The head of Operation Warp Speed, Moncef Slaoui, is a former GSK executive who as of May held just under $10 million in GSK stock. Dr. Slaoui’s financial ties to some of the companies that are pursuing coronavirus vaccines have raised questions about conflicts of interest.

Sanofi and GSK did not say how much of the federal money would go to each company — only that Sanofi would receive the most. GSK did not comment on whether Dr. Slaoui had recused himself from negotiations over the deal. A senior administration official said all agreements were negotiated by federal “acquisition professionals” and that Dr. Slaoui did not play a role in the negotiations.

U.S. DEALThe head of Operation Warp Speed, Moncef Slaoui, is a former GSK executive who as of May held just under $10 million in its stock."

[www.nytimes.com]



Edited 2 time(s). Last edit at 07/31/2020 06:59AM by Lemon Drop.
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Re: Today's vaccine deal, biggest to date
Posted by: pdq
Date: July 31, 2020 10:36AM
Once again, where is this money coming from?
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Re: Today's vaccine deal, biggest to date
Posted by: bfd
Date: July 31, 2020 04:01PM
Quote
pdq
Once again, where is this money coming from?

Thin air. And while the cost of the vaccine will be free, you can betchur azz that the administration of it sure won't. Nothing is free. Insurance will cover it? Who pays for that? Who benefits from those premiums? And whose premiums will be sent skyrocketing soon?
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Re: Today's vaccine deal, biggest to date
Posted by: Lemon Drop
Date: July 31, 2020 06:40PM
$10B, the budget for Operation Warp Speed, is not all that much for the US federal gov't. We're spending 3 times that on F-35's.

The nationwide testing program we needed to keep more of us alive would have cost around $100B. Trump didn't want to do that. Instead we're going to spend a trillion or more helping people recover from the recession/depression caused by the White House's unwillingness to face this virus like a grown-up country would.
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Re: Today's vaccine deal, biggest to date
Posted by: pdq
Date: August 01, 2020 09:40AM
There’s clearly an urgent need for a vaccine. But this money is coming from somewhere, and I frankly don’t trust this administration in terms of usurping/redirecting appropriations.
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