Pfizer Strikes $3.5B Deal with US Army for 500 Million COVID Vaccine Doses

The US Army had awarded Pfizer and Germany-based BioNTech a $3.5 billion contract to produce 500 million doses of its Covid-19 vaccine by the end of 2022 at a not-for-profit price for distribution to more than 100 countries around the world, mostly in Africa, New York Post reports.

It’s the same amount of doses as the one US government purchased under an agreement announced last year by the Trump administration witj the latest batch of 200 million doses planned for delivery between October of this year and April of 2022.

Pfizer Chairman and CEO Albert Bourla said that their partnership with the U.S. government will bring hundreds of millions of doses of their vaccine to the poorest countries around the world as quickly as possible to win the battle against the pandemic.

The Pfizer and Moderna vaccines, only approved on an emergency basis, are still awaiting FDA’s full approval the agency announce to grant them as soon as possible to speed up vaccination rate in the wake of surging number of Covid-19 cases due to the highly contagious Delta variant.

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