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Originally Posted by JoMar
Moderna took $1.B from the Government and Pfizer took $0.0. Wonder what the strings are on that one or is Pfizer just financially better equipped to develop and deliver?
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Here’s what happened as reported by multiple news media:
In July, Pfizer got a $1.95 billion deal with the government’s Operation Warp Speed, the multiagency effort to rush a vaccine to market, to deliver 100 million doses of the vaccine. The arrangement was an advance-purchase agreement, meaning that the company would not get paid until they deliver the vaccines. Pfizer did not accept federal funding to help develop or manufacture the vaccine, unlike front-runners Moderna and AstraZeneca.
So yes they did not accept any money for development but they did get an advance purchase agreement. They also as reported yesterday entered into another $2billion purchase agreement with the government for the purchase of 100 million more doses to be available before July 2021.
Whether they accepted funding for development was their choice