3 ms·
At this point this is obvious, but it took the pandemic getting out of hand to create the demand. When SARS hit many companies invested in vaccines and demand v
by bitcurious 6y ago
At this point this is obvious, but it took the pandemic getting out of hand to create the demand. When SARS hit many companies invested in vaccines and demand vanished. The purpose of the government guaranteed buy is to move up the timeline of when R&D starts.
- brandmeyer 6y agoIn principle, yes, that would have been a good example of government intervention to stabilize market expectations. However, in practice that isn't what happened. First, this is a line of research that began in January well before the pandemic actually got out of hand. Researchers started developing a vaccine as soon as there were indications that the transmission rate and fatality rate would be high. Second, Operation Warp Speed was announced in early April. This was already long after the pandemic had gotten out of hand.