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US signs $1.95B deal with Pfizer for Covid-19 vaccine

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WASHINGTON (AP) —  The U.S. has signed a $1.95-billion deal with Pfizer for delivery in December of the first 100 million doses of a Covid-19 vaccine the pharmaceutical giant is working to develop, Health and Human Services Secretary Alex Azar announced Wednesday.

The U.S. could buy another 500 million doses under the agreement, Azar said.

“Now those would, of course, have to be safe and effective” and be approved by the Food and Drug Administration, Azar said during an appearance on Fox News.

Pfizer and BioNTech announced separately that the agreement is with HHS and the Defense Department for a vaccine candidate the companies are developing jointly.

The agreement is part of President Trump’s Operation Warp Speed vaccine program, under which multiple Covid-19 vaccine hopefuls are being developed simultaneously. The program aims to deliver 300 million doses of a safe and effective Covid-19 vaccine by January, according to HHS.

Under the initiative, the government will speed development and buy vaccines — before they are deemed safe and effective — so that the medication can be in hand and quickly distributed once the FDA approves or authorizes its emergency use.

Pfizer and BioNTech said the U.S. will pay $1.95 billion upon receipt of the first 100 million doses, following FDA authorization or approval.

Azar said the contract with Pfizer and BioNTech brings to five the number of potential coronavirus vaccines that are under development.

Trump said Tuesday at a briefing that “the vaccines are coming, and they’re coming a lot sooner than anyone thought possible, by years.”

But other countries are also scrambling to get their hands on a vaccine for Covid-19, which has killed more than 617,000 people, according to a tally kept by Johns Hopkins University.

Britain announced Monday that it had secured access to another 90 million experimental Covid-19 vaccines made by Pfizer and others, a move some campaigners warned could worsen a global scramble by rich countries to hoard the world’s limited supply of Covid-19 vaccines.

Nearly two dozen potential vaccines are in various stages of human testing worldwide, with a handful entering necessary late-stage testing to prove effectiveness.

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