We expect the development efforts to intensify in the coming weeks and expect more companies entering the clinical trial Phase I, where the vaccine is tested in a small sample of healthy humans with moderate doses.
We also anticipate more companies advancing to Clinical Trial Phase II, where a larger sample of subjects of different age groups are tested for safety, efficiency, and determining the right dosing, and move to Clinical Phase III rapidly, where more complex and rigorous tests are performed on a much broader population.
The initiative ‘Operation Warp Speed’ has the goal to scale up production for a Covid-19 vaccine to meet the urgent global demand for a safe and effective vaccine. 5 finalists for funding have been chosen, AstraZeneca, Johnson & Johnson, Merck, Moderna and Pfizer. The "Operation Warp Speed," the federal government's has added more companies to the Covid-19 vaccine program, has just announced the largest government Covid-19 vaccine contract to date -- a $1.6 billion contract with Novavax, a Maryland biotech company. Vaxart Inc is the First Oral COVID-19 vaccine company to be selected by the U.S. government's 'Operation Warp Speed' program, that aims to accelerate development of a vaccine and there funding is days away.
The timeline for the production of such a high number of vaccine doses with candidates only in Phase I or Phase II trials is very optimistic, given that vaccine developments have required a minimum of five years in the past. Without global access to a Covid-19 vaccine, it will be impossible to get the pandemic under control in the long run.
Understand that the number of patients who are severely ill from COVID-19 is a very small number of people. It's far less than 1% of humanity. But the number of people who will be vaccinated is astronomical. Perfectly healthy people will be vaccinated. Most of the world will be vaccinated.
If a company charges $1 a shot, the drug's a blockbuster. Charge $40 a shot, and it's the most valuable drug in the world. Charge $100 a shot, and it's the most valuable drug in the history of pharmaceuticals.
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