4 ms·
> Similarly, Pfizer received $1.95 billion to make 100 million doses whether it was approved or not. That statement is false. See the press release: https://ww
by coder543 6y ago
> Similarly, Pfizer received $1.95 billion to make 100 million doses whether it was approved or not.
That statement is false. See the press release: https://www.pfizer.com/news/press-release/press-release-detail/pfizer-and-biontech-announce-agreement-us-government-600 https://www.pfizer.com/news/press-release/press-release-deta...
"The U.S. government will pay the companies $1.95 billion upon the receipt of the first 100 million doses, following FDA authorization or approval."
Approval is required to receive payment, and the product has to be delivered to receive payment as well.
- mlindner 6y agoDangling a hefty bag of gold in front of someone is a good way to get someone to invest their own money, even if the US didn't fund it directly.
- DiogenesKynikos 6y agoMaking it contingent on approval will make them more cautious, however.