AstraZeneca obtains $1B from US to help fund coronavirus vaccine | Inquirer Business

AstraZeneca obtains $1B from US to help fund coronavirus vaccine

/ 05:19 PM May 21, 2020

LONDON — British pharmaceuticals group AstraZeneca on Thursday said it had obtained more than $1.0 billion (0.9 billion euros) from the United States to help fund the production of a coronavirus vaccine.

It comes amid concerns that the US could have a vaccine before other countries thanks to its large-scale funding of pharmaceutical companies around the world.

France has already slammed drugs giant Sanofi for suggesting the US would get any eventual vaccine first, as world leaders demand that the science should be shared among nations.


“AstraZeneca today received support of more than $1.0 billion from the US Biomedical Advanced Research and Development Authority (BARDA) for the development, production, and delivery of the vaccine,” a statement said.


AstraZeneca is partnering with the University of Oxford to develop and distribute the coronavirus vaccine, which is being trialed in the United Kingdom.

The US funding is far greater than that of Britain, whose government has given just £20 million ($24.4 million/22.3 million euros) towards the development of the vaccine.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link.

TAGS: 2019-nCoV, AstraZeneca, Britain, chemicals, China, coronavirus, COVID-19, Health, international news, nCoV, nCoV update, News, novel coronavirus, outbreak, pandemic, US, vaccine, Virus, world, world news, wuhan

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.