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Pierre · 28-02-2021, 17:01

Interesting post I have lifted from Quora. I have copied the links used at the bottom.

Is it really the truth that the UK or the US have contributed more funding to COVID-19 vaccine development than EU countries?

The US has spent a lot:-

The U.S. has already invested billions in potential coronavirus vaccines. Here's where the deals stand

“So far, the federal government has struck deals with a handful of pharmaceutical giants that have topped roughly $10.79 billion as part of Operation Warp Speed.

Moderna, Johnson & Johnson, Pfizer and BioNTech, Sanofi and GlaxoSmithKline, Novavax and AstraZeneca have all received funding from the operation for their vaccines.”

Germany has spent a fair bit:-

Germany funded the development of Pfizer's COVID vaccine—not U.S.'s Operation Warp Speed

“The truth is that Pfizer didn’t receive any funding from Operation Warp Speed for the development, clinical trial and manufacturing of the vaccine. Rather, its partner, BioNTech SE, has received money -- from the German government.

Berlin gave the German company $445 million in an agreement in September to help accelerate the vaccine by building out manufacturing and development capacity in its home market.

What the U.S. did, meanwhile, was commit to buying hundreds of millions of vaccines in advance to ensure Americans were among the first in line if it clinches an emergency-use authorization or approval from the FDA. The Trump administration agreed in July to pay almost $2 billion for 100 million doses, with an option to acquire as many as 500 million more, once that clearance comes.”

But the UK’s commitment has been enormous:-

Subscribe to read | Financial Times

“The UK’s push to secure and administer hundreds of millions of doses of coronavirus vaccines is estimated to have cost up to £11.7 billion ($15.97 billion) so far, according to the public spending watchdog.

The government has signed deals for five vaccines providing up to 267m doses at an expected cost of £2.9bn, with non-binding agreements with two other companies set to bring total provision to 357m doses, the National Audit Office said in a report published on Wednesday.

Additional costs including those associated with sponsoring trials, distributing and administering the vaccines lifted the total spend to £11.7bn.”

UK meets £250m match aid target into COVAX, the global vaccines facility.

“The UK has helped to raise $1 billion for the coronavirus COVAX Advance Market Commitment (AMC) through match-funding other donors, which combined with the £548 million of UK aid pledged will help distribute one billion doses of coronavirus vaccines to 92 developing countries this year.”

And the EU?:-

Press corner

“The European Union has supported the rapid development and production of several vaccines against COVID-19 with a total of €2.7 billion and it is important to protect the integrity of this substantial investment from the EU budget.

It is not our intention to restrict exports any more than absolutely necessary, and the Union remains fully committed to international solidarity and its international obligations.”

You can work it out yourself as to who, per capita, has contributed the most to the worldwide fight against Covid-19.

https://www.cnbc.com/2020/08/14/the-...als-stand.html

https://fortune.com/2020/11/09/pfize...speed-germany/

https://www.ft.com/content/58b11945-...9-695e162642fb

https://www.gov.uk/government/news/u...%20this%20year

https://ec.europa.eu/commission/pres...n/qanda_21_308

28-02-2021, 17:01	#3892
Pierre The Dark Satanic Mills Join Date: Dec 2003 Location: floating in the ether Posts: 13,077	Re: Coronavirus Interesting post I have lifted from Quora. I have copied the links used at the bottom. Is it really the truth that the UK or the US have contributed more funding to COVID-19 vaccine development than EU countries? The US has spent a lot:- The U.S. has already invested billions in potential coronavirus vaccines. Here's where the deals stand “So far, the federal government has struck deals with a handful of pharmaceutical giants that have topped roughly $10.79 billion as part of Operation Warp Speed. Moderna, Johnson & Johnson, Pfizer and BioNTech, Sanofi and GlaxoSmithKline, Novavax and AstraZeneca have all received funding from the operation for their vaccines.” Germany has spent a fair bit:- Germany funded the development of Pfizer's COVID vaccine—not U.S.'s Operation Warp Speed “The truth is that Pfizer didn’t receive any funding from Operation Warp Speed for the development, clinical trial and manufacturing of the vaccine. Rather, its partner, BioNTech SE, has received money -- from the German government. Berlin gave the German company $445 million in an agreement in September to help accelerate the vaccine by building out manufacturing and development capacity in its home market. What the U.S. did, meanwhile, was commit to buying hundreds of millions of vaccines in advance to ensure Americans were among the first in line if it clinches an emergency-use authorization or approval from the FDA. The Trump administration agreed in July to pay almost $2 billion for 100 million doses, with an option to acquire as many as 500 million more, once that clearance comes.” But the UK’s commitment has been enormous:- Subscribe to read \| Financial Times “The UK’s push to secure and administer hundreds of millions of doses of coronavirus vaccines is estimated to have cost up to £11.7 billion ($15.97 billion) so far, according to the public spending watchdog. The government has signed deals for five vaccines providing up to 267m doses at an expected cost of £2.9bn, with non-binding agreements with two other companies set to bring total provision to 357m doses, the National Audit Office said in a report published on Wednesday. Additional costs including those associated with sponsoring trials, distributing and administering the vaccines lifted the total spend to £11.7bn.” UK meets £250m match aid target into COVAX, the global vaccines facility. “The UK has helped to raise $1 billion for the coronavirus COVAX Advance Market Commitment (AMC) through match-funding other donors, which combined with the £548 million of UK aid pledged will help distribute one billion doses of coronavirus vaccines to 92 developing countries this year.” And the EU?:- Press corner “The European Union has supported the rapid development and production of several vaccines against COVID-19 with a total of €2.7 billion and it is important to protect the integrity of this substantial investment from the EU budget. It is not our intention to restrict exports any more than absolutely necessary, and the Union remains fully committed to international solidarity and its international obligations.” You can work it out yourself as to who, per capita, has contributed the most to the worldwide fight against Covid-19. https://www.cnbc.com/2020/08/14/the-...als-stand.html https://fortune.com/2020/11/09/pfize...speed-germany/ https://www.ft.com/content/58b11945-...9-695e162642fb https://www.gov.uk/government/news/u...%20this%20year https://ec.europa.eu/commission/pres...n/qanda_21_308 __________________ The wheel's still turning but the hamsters dead. Last edited by Pierre; 28-02-2021 at 17:06.