Operation Warp Speed Funding
Operation warp speed ows is a publicprivate partnership initiated by the trump administration to facilitate and accelerate the development manufacturing and distribution of covid 19 vaccines therapeutics and diagnosticsoperation warp speed was introduced in early april 2020 after a round table meeting with industry executives at the white house on march 2.
Operation warp speed funding. The truth is that pfizer didnt receive any funding from operation warp speed for the development clinical trial and manufacturing of the vaccine. The pharmaceutical company which declined rd funding from the trump administrations operation warp speed shared early results of its late stage covid 19 vaccine trial on monday which. How is operation warp speed being funded. Congress has also appropriated other flexible funding.
Cnn operation warp speed the federal governments covid 19 vaccine program on tuesday announced the largest government covid 19 vaccine contract to date a 16 billion contract with. Germany funded the development of pfizers covid vaccinenot uss operation warp speed. Globaldata healthcare 9 june 2020 last updated september 7th 2020 1453 the initiative operation warp speed has the goal to support the production of 300 million covid 19 vaccine doses for the us by early 2021. Now five finalists for funding have been chosen astrazeneca johnson johnson merck moderna and pfizer.
Pfizer unlike its competitors did not join operation warp speed the government initiative designed to erase the financial risk of vaccine and therapeutics development by providing funding to. Rather than entering into contracts with vaccine makers directly npr reports that more than 6 billion in operation warp speed funding has been routed through an intermediary nongovernmental firm. Trump and operation warp speed. Pfizer did not accept federal funding to help develop or manufacture the vaccine unlike front runners moderna and astrazeneca.
Will another 1200 stimulus check ever come. Congress has directed almost 10 billion to this effort through supplemental funding including the cares act.