WSJ – Sanofi, GlaxoSmithKline Ink Coronavirus Vaccine Deal With U.S.
July 31, 2020
The Wall Street Journal reported today, continued progress on the United States securing an additional 100 Million doses of Covid-19 vaccines. In a deal arranged with Sanofi and GlaxoSmithKline, the United States will pay $2.1 Billion for the vaccines “if proven safe and effective in clinical trials”, notes WSJ Journalist, Joseph Walker. Clinical trials are scheduled for September 2020.
The notion of when a vaccine will be available is top of mind with the Medical Practice and Physcian clients whom outsource their medical billing and collections to Physicians Billing Service. Mr. Walker provides insights that are extremely helpful to our clients:
“The U.S. has reached deals worth over $1 billion each with vaccine makers including Pfizer Inc. and partner BioNTech SE, AstraZenecaPLC and its partner the University of Oxford, and Novavax Inc., a biotech company in Gaithersburg, Md. Each of the deals guarantees the U.S. 100 million doses or more, if the vaccines are approved by regulators.”
Insightful Video on the Promise & Peril of Fast-Tracking Vaccine Development
The Wall Street Journal video below provides insights on the tremendous promise and peril of fast-tracking Coronavirus Vaccine Development.
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