Special Report: Countries, companies risk billions in race for coronavirus vaccine

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In the race to develop a vaccine to end the COVID-19 pandemic, governments, charities and Big Pharma firms are sinking billions of dollars into bets with extraordinarily low odds of success.

FILE PHOTO: Small bottles labbeled with a"Vaccine COVID-19" sticker and a medical syringe are seen in this illustration taken taken April 10, 2020. REUTERS/Dado Ruvic/Illustration

Investments from governments, global health groups and philanthropies have been aimed primarily at the most promising of the more than 100 vaccine candidates in development worldwide. But only a handful of those have advanced to human trials, the real indicator of safety and efficacy - and the stage where most vaccines wash out.

“We want to make investments up front, at risk, even before we know the vaccines work, to be able to manufacture them at a scale of tens or hundreds of millions of doses,” said Richard Hatchett, a physician who managed U.S. pandemic flu policy under former President George W. Bush and returned to advise the Obama White House during the 2009 swine flu pandemic.

Having reserves ready worldwide to immediately inoculate critical populations - health care workers, the elderly, people made vulnerable by medical conditions - would stamp out the pandemic faster and reignite economies, Hatchett said. The alternative, he said, is a replay of past pandemics, including the H1N1 influenza outbreak of 2009, with wealthy countries hoarding the vaccines.

Many of the candidates attracting the most investment rely on proven vaccine approaches being adapted by Big Pharma companies with regulatory and production acumen. Some funders are gambling on smaller biotech companies and academic labs, which may have promising technologies but little to no experience getting a drug or vaccine approved and produced at scale.

 

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To all dumb people - there is no conspiracy, educate yourself, find out what scientific evidence is, spend few years on learning biology, economics, politics and physics and then come back to comment, im sure then, your comments wont be just ridiculous..

no such thing....30 stands of corona virus...one shot will not do...lets just let it die on its own.. Instead of killing us.

I hope that every penny is dust in the wind

A vaccine is being created so you can stay clear of Covid-19. Oh yeah?! We’re now going to pull down our pants and fart on you

Communist China should pay every penny. They’re responsible of this virus outbreak.

Bill Gates risking billions on new factories for 7 coronavirus vaccine candidates.

These companies will be paid by federal government one way or the other. Patent the product and screw the world.

Make China PAY. BoycottChineseProducts

All about the $$$$ in the long run.

Risking billions$$. They should be.

The President is not happy. Trump said, “THAT’S THE LAST TIME I CALL ON HOT BLONDE REPORTERS! SHE ASKED ME IF I SHOULD BE RE-ELECTED BECAUSE MORE PEOPLE DIED OF COVID-19 THAN IN THE LAST THREE WARS! SHE’S STUPID BECAUSE THE LAST 3 WARS WERE WW1! WW2! & WW3 WHICH HASN’T HAPPENED!”

Wow, so valiant... Thank you, Almighty Companies

For all previous coronavirus outbreaks no vaccine ever was developed. Why assume it can be done with this version?

A whole new golden goose

Bill Gates is using his own money to develop a vaccine. At the same time will make billions once an effective vaccine is developed for years

The annual flu vaccine doesn’t work that well, so why all the hoopla over Covid vaccine?

Wish that it is a problem that $ can solve!

This race is truly astonishing, because according to this Swiss specialist, it has never been possible to develop a vaccine against corona viruses. Are the researchers trying to make fun of us?

ok.

Risk is not the right word... Must!

Big Pharma can afford it, they print money with opioids alone.

Politicians going to get massively rich. Millions of jobs destroyed but they don't care

And they will try to make sure there is a big profit out of it... safety is not necessarily an issue as we have seen with other products in the last years.

You are funny . Of course ...but 15 trillion by the lockdowns gone ?

wierdduk Ze kunnen beter werken aan een goedwerkende medicijn.

Big Pharmaffia in action.

wierdduk Stick it up your own ass..

toniradjali Berbutan ini nanti yg mau beli uang negara2 yg terimbas covid19 lari ke sana semua😀

China will simply steal the research, claim it as their own,...counterfeit the vaccine and SELL IT. All for 'prestige'. Too bad that desire for prestige lead to the virus escaping from the Wuhan biolab.

Media starting the early softening-up of the market for $8000 anti-virus shots.

it's right there in the photo

Here we go. .....it’s a “numbers game”.

Worth it

A necessary risk Covid_19 Vaccines

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