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The post Trump says U.S. has reached deal with Moderna for 100 million doses of coronavirus vaccine appeared first on Virus Reports.
]]>President Donald Trump on Tuesday announced the U.S. government will purchase 100 million doses of Moderna’s experimental coronavirus vaccine, which is currently in late-stage human trials.
Moderna separately said the deal for its vaccine, mRNA-1273, is worth $1.53 billion and will give the federal government the option to purchase up to 400 million additional doses. The U.S. has already invested $955 million in Moderna’s vaccine development, bringing its total investment up to $2.48 billion, the company said in a press release Tuesday.
Moderna’s coronavirus vaccine is in late-stage human trials, which will test its efficacy and safety in 30,000 people. The Massachusetts-based company previously said it could expect results as early as October.
The U.S. government’s deal with Moderna follows similar agreements it’s made with pharmaceutical giants Pfizer, Johnson and Johnson and other drug makers for their potential Covid-19 vaccines.
“We are investing in the development and manufacture of the top six vaccine candidates to ensure rapid delivery. The military is ready to go, they’re ready to deliver a vaccine to Americans as soon as one is fully approved by the FDA and we’re very close to that approval,” Trump said during a press conference at the White House.
The U.S. Department of Health and Human Services previously said it would pay Pfizer and biotech firm BioNTech $1.95 billion to produce and deliver 100 million doses of their Covid-19 vaccine with the option to acquire 500 million additional doses. HHS later announced it would give Johnson & Johnson more than $1 billion for 100 million doses with the option for an additional 200 million.
HHS also struck a deal with Sanofi and GlaxoSmithKline for up to $2.1 billion to develop and deliver 100 million doses of their potential coronavirus vaccine with the option to acquire an additional 500 million doses.
The deals are part of the Trump administration’s efforts to accelerate the development, manufacturing and distribution of vaccines and treatments to fight the coronavirus under the program called Operation Warp Speed.
Earlier on Tuesday, HHS Secretary Alex Azar told ABC’s “Good Morning America” that the operation is on track to produce “tens of millions of doses by December of FDA-gold-standard vaccine and hundreds of millions of doses as we go into the new year.”
“We appreciate the confidence of the U.S. government in our mRNA vaccine platform and the continued support,” Moderna CEO Stephane Bancel said in a press release.
Bancel said on Moderna’s second-quarter earnings call on Aug. 5 that the company would price its vaccine “well-below value” during the pandemic period and will price it at market value once the virus is under control.
— CNBC’s Berkeley Lovelace Jr. contributed to this report.
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]]>The post Legislators Have Reached An Offer On Stopgap Stimulus Plan For Small Businesses, Trump Is Prepared To Sign appeared first on Virus Reports.
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Congressional leaders have reached a bipartisan offer to replenish funds for emergency small business loaning programs, nationwide coronavirus screening, and hospitals after days of tense dispute, according to several report.
Schumer: “There’s still a few more I’s to dot and T’s to cross, but we have a deal. And I think … [+] we’ll pass it today.”
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SECRET REALITIES
Lawmakers have actually been scrambling to pass brand-new legislation after the Income Protection Program, one of the foundations of the $2 trillion CARES Act, tired its $350 billion in funding last Thursday after less than two weeks.
Settlements stalled on Monday over how to structure a nationwide testing strategy, the Wall Street Journal reports, with Democrats promoting the federal government to take the lead while Republicans wished to leave that authority to the states.
On Tuesday early morning Schumer informed CNN that “we have an offer. And I think we’ll pass it today.”
Bloomberg reports that both Schumer and House Minority Leader Kevin McCarthy confirmed that a contract had been reached on Tuesday afternoon; CNN cited three individuals familiar with the settlements that who also validated that an offer has actually been struck.
The interim legislation will consist of $321 billion for the Paycheck Defense Program, $60 billion of which is allocated for individuals and business without existing banking relationships, Politico reports.
It will likewise consist of another $60 billion for economic catastrophe support loans and grants, $25 billion for national coronavirus testing ($11 billion of which will go to states) and $75 in additional financing for healthcare facilities.
Significantly missing from the contract is more moneying for states and local governments, a crucial top priority for Democrats.
On Tuesday afternoon, President Trump tweeted that discussions will begin on a 4th stimulus plan after he signs this interim legislation.
Secret background
Under the PPP, companies and nonprofits with less than 500 workers can use for loans of up to $10 million at 1%interest to cover two months of payroll and overhead expenses.
Huge number
Since last Thursday, more than 1.6 million PPP loans had actually been approved.
What to watch for
The Senate is scheduled to vote on the legislation at 4 p.m. on Tuesday. A vote in your house could take place as quickly as Thursday.
Further reading
The $350 Billion Small Business Loan Program Is Officially Out Of Money. Lawmakers Can’t Agree On What Takes Place Next.( Forbes)
Here’s Where Lawmakers Base on The ‘Stage 4’ Stimulus Expense( Forbes)
More Coronavirus Relief Might Be En Route, Including A 2nd Round Of Stimulus Checks, Goldman Sachs Predicts( Forbes)
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