• Latest
  • Trending
Pfizer Vaccine’s Funding ‘Came From Germany, Not US’

Pfizer Vaccine’s Funding ‘Came From Germany, Not US’

November 11, 2020
Nigeria: Abia Governor Ikpeazu Says Southeast Assemblies Working to Provide Legal Backing for ‘Regional Police’

Nigeria: Abia Governor Ikpeazu Says Southeast Assemblies Working to Provide Legal Backing for ‘Regional Police’

April 13, 2021
Nigerians React As Twitter Sets Up African Headquarters In Ghana – Trending With Ojy Okpe

Nigerians React As Twitter Sets Up African Headquarters In Ghana – Trending With Ojy Okpe

April 13, 2021

Global Business Report

April 13, 2021
ARISE.TV HEADLINES 13-04-21

ARISE.TV HEADLINES 13-04-21

April 13, 2021

Morning Show

April 13, 2021
Iran Says Attack on Facility Will Affect Vienna Talks Over Nuclear Deal

Iran Says Attack on Facility Will Affect Vienna Talks Over Nuclear Deal

April 13, 2021
US Approves Single-shot Johnson & Johnson Covid Vaccine

US Calls for Pause On Johnson & Johnson’s Covid-19 Vaccine Over Blood Clot Cases

April 13, 2021
Kovacic Hands Chelsea Injury Blow Ahead of Champions League Tie with Porto

Kovacic Hands Chelsea Injury Blow Ahead of Champions League Tie with Porto

April 13, 2021
Kim Kardashian and Kanye West Agree Joint Custody of Children After Divorce

Kim Kardashian and Kanye West Agree Joint Custody of Children After Divorce

April 13, 2021
Champions League Showdown in Paris as Bayern  Look to Overturn PSG Deficit

Champions League Showdown in Paris as Bayern  Look to Overturn PSG Deficit

April 13, 2021
Thomas Tuchel Vows to Turn Chelsea into ‘a Team No One Wants to Play Against’

Tuchel Says it’s Time For Chelsea FC to Win Champions League Again 

April 13, 2021
China Sends 25 Warplanes into Taiwan’s Air Defense Zone, Taipei Says

China Sends 25 Warplanes into Taiwan’s Air Defense Zone, Taipei Says

April 13, 2021
Coronavirus Pandemic ‘a Long Way from Over’ WHO Says

Coronavirus Pandemic ‘a Long Way from Over’ WHO Says

April 13, 2021
Japan to Release Contaminated Fukushima Water into Sea after Treatment

Japan to Release Contaminated Fukushima Water into Sea after Treatment

April 13, 2021
Nigeria Editors Seek Government’s Intervention to Halt Media’s Collapse

Nigeria Editors Seek Government’s Intervention to Halt Media’s Collapse

April 13, 2021
Qatar to Invest $5bn in Nigeria, Says Foreign Minister Onyeama

Qatar to Invest $5bn in Nigeria, Says Foreign Minister Onyeama

April 13, 2021
Reports That Dangote Selling Cement at a Higher Price in Nigeria ‘False and Incorrect’, Director Says

Cement Cheaper in Nigeria than Ghana and Zambia, Dangote Group Insists

April 13, 2021
Japan Olympic Adviser Urges Covid Vaccine Option for Athletes

Japan Olympic Adviser Urges Covid Vaccine Option for Athletes

April 13, 2021
Okonjo-Iweala’s Confirmation as WTO DG Hits New Snag with Geneva Lockdown

Vaccine Nationalism, Export Restrictions Hampering Africa’s Vaccination Efforts, WTO Boss Says

April 13, 2021
‘I Miss My Brother’, George Floyd’s Younger Sibling Tells Court

‘I Miss My Brother’, George Floyd’s Younger Sibling Tells Court

April 13, 2021
Muslims Open Ramadan with Social Distanced Prayers, Vaccines

Muslims Open Ramadan with Social Distanced Prayers, Vaccines

April 13, 2021
Nigeria’s Southeast Governors Plan Legal Backing for ‘Regional Police’

Nigeria’s Southeast Governors Plan Legal Backing for ‘Regional Police’

April 13, 2021
Restructuring Alone Can’t Solve Nigeria’s Problems, Former President Jonathan Says

Voters, Not Court, Should Choose Leaders, Nigeria’s Ex-President Jonathan Says

April 13, 2021
Volcano Erupts in Southern Caribbean, Sparking Evacuation Frenzy

St Vincent Volcano Erupts Again, Spewing More Gas and Ash

April 13, 2021
Protests in Minneapolis after Police Chief Says Officer Who Shot Black Man Meant to Use Taser

Protests in Minneapolis after Police Chief Says Officer Who Shot Black Man Meant to Use Taser

April 13, 2021
The Sugar Strategies Of Dangote Sugar, BUA Group, And Flour Mills

The Sugar Strategies Of Dangote Sugar, BUA Group, And Flour Mills

April 13, 2021
Pension Assets Decline, Kano Pillars Sign MOU With A Private Firm

Pension Assets Decline, Kano Pillars Sign MOU With A Private Firm

April 13, 2021
ARISE Newsnight

ARISE Newsnight

April 12, 2021
ARISE XCHANGE

ARISE XCHANGE

April 12, 2021
Nigeria Announces Stricter Guidelines on Flights from UK, South Africa, Stops Short of Travel Ban

Nigeria Says ‘Criminal Elements’ Planning to Attack Airports

April 12, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Tuesday, April 13, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Global

Pfizer Vaccine’s Funding ‘Came From Germany, Not US’

November 11, 2020
Reading Time: 6min
0 0
0
Pfizer Vaccine’s Funding ‘Came From Germany, Not US’
Share on FacebookShare on Twitter

It’s said that success has many authors, and the encouraging data from Pfizer Inc.’s experimental Covid-19 vaccine had plenty of people in Washington lining up to take credit.

US Vice President Mike Pence was among Trump administration officials saying support from the government’s Operation Warp Speed program helped accelerate the development of the vaccine, which was found to be more than 90% effective in preventing symptomatic Covid-19 infections in an interim analysis.

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.

BioNTech is credited for contributing the messenger RNA technology, which prompts the body to make a key protein from the virus, creating an immune response.

 The biotechnology company already had a history of working with Pfizer on influenza vaccines, and in March they clinched a deal to co-develop a shot to prevent against Covid-19 at research sites both in the U.S. and Germany. The two companies began human testing of the vaccine in April, before the existence of Operation Warp Speed was revealed publicly.

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 US 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.

As part of that agreement, the US gets to decide who gets the vaccine first, and will work with the company on logistical support. While most vaccine front-runners that have been tapped by Warp Speed will distribute their doses through a government partnership with McKesson Corp.,

Pfizer is handling its own delivery of its products. The company has designed reusable containers that can keep the doses at ultracold temperatures, and is organizing trucks and flights to move them.

Operation Warp Speed is credited with speeding along several other vaccine programs, including one from Moderna Inc. that uses similar technology to Pfizer’s and could produce trial data later this month. The Trump administration’s rapid-vaccine operation, led by the Health and Human Services Department, the Defense Department, and other agencies, could well prove to be the reason many Americans get a vaccine in 2021, even if it’s not made by Pfizer.

Some Republicans, including Donald Trump Jr. and Texas Senator Ted Cruz, questioned the timing of Pfizer’s release of its positive data on Monday, almost a week after the presidential election — with the implication that the information could’ve changed the outcome and tipped the scales toward President Donald Trump, who lost to former Vice President Joe Biden.

Pfizer said on Oct. 27, a week before Election Day, that it hadn’t met the threshold for positive cases that would’ve allowed it to report the data. After that, it revised its trial protocols to raise that threshold higher, after consulting with the U.S. Food and Drug Administration on what would be acceptable to gain approval. The FDA has been under pressure from scientists to set tough standards for a vaccine so that Americans will feel it has been rigorously vetted and is safe to use.

If Pfizer hadn’t raised its threshold in response to the FDA’s recommendations, it’s possible it could’ve hit the lower bar of 32 positive cases before the Nov. 3 election. But it’s unclear when the trial hit that number. The company didn’t find out it had surpassed the new, revised threshold of 62 positive cases until Sunday.

All along, Pfizer’s top executives have attempted to quell notions that it has been influenced by political players.

Chief Executive Officer Albert Bourla has repeatedly said that the drug giant has avoided taking taxpayer dollars for research and development purposes.

“I wanted to liberate our scientists from any bureaucracy,” Bourla said in an interview on CBS’s “Face the Nation” on Sept. 16. “When you get money from someone, that always comes with strings. They want to see how we are growing to progress, what types of moves you are going to do. They want reports. I didn’t want to have any of that.”

“Basically I gave them an open checkbook so that they can worry only about scientific challenges, not anything else. And also, I wanted to keep Pfizer out of politics, by the way,” Bourla added.

Bloomberg

Tags: Not US’Pfizer Vaccine’s Funding ‘Came From Germany
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist