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No? > BioNTech to Receive up to €375M in Funding from German Federal Ministry of Education and Research to Support COVID-19 Vaccine Program BNT162 https://www
by maze-le 6y ago
No?
> BioNTech to Receive up to €375M in Funding from German Federal Ministry of Education and Research to Support COVID-19 Vaccine Program BNT162
https://www.wallstreet-online.de/nachricht/12930907-biontech-to-receive-up-to-375m-funding-from-german-federal-ministry-of-education-and-research-to-support-covid-19-vaccine-program-bnt162/all https://www.wallstreet-online.de/nachricht/12930907-biontech...
> US government and Pfizer reach $1.95 billion deal to produce millions of Covid-19 vaccine doses
https://edition.cnn.com/2020/07/22/health/pfizer-covid-19-vaccine-government-contract/index.html https://edition.cnn.com/2020/07/22/health/pfizer-covid-19-va...
- adriancr 6y ago> to Support COVID-19 Vaccine Program BNT162 Emphasis on support That doesn't mean the sum is equivalent to the full R&D cost or that the company actually agreed to give the IP developed. Most likely they could have developed even without public funding but not on the expedited timeline.
- bildung 6y agoDo you have any actual evidence for this? BioNTech has about 1k employees strong and got about 375 million Euros. Even if everyone would exclusively work on the vaccine for the whole time, which obviously didn't happen, that amounts to over 700k€ per seat for half a year. In an industry that isn't exactly capital intensive, i.e. the biggest part of expenses will be salaries.
- adriancr 6y agoPlease read your own articles before posting. Your article it states clearly what the funding was for: > The goal of the initiative is the expansion of vaccine development and manufacturing capabilities in Germany, as well as the expansion of the number of participants in late-stage clinical trials.
- bildung 6y agoWhat you quoted is the shortend version of the goals of the funding program, here is a more complete description: https://www.bmbf.de/foerderungen/bekanntmachung-3035.html https://www.bmbf.de/foerderungen/bekanntmachung-3035.html The program is funding clinical trials 1 to 3, having bigger cohorts for trials 2 and 3, and scaling up production while trials are still in progress. In short: Everything that makes vaccine development expensive. Finding the actual vaccine candidates is the cheap part.
- adriancr 6y ago> Finding the actual vaccine candidates is the cheap part. Do you have any sources on that?
- bildung 6y agoSee here: https://www.thelancet.com/journals/langlo/article/PIIS2214-109X(18)30346-2/fulltext https://www.thelancet.com/journals/langlo/article/PIIS2214-1... Going from zero to preclinical is about 1/3 of the costs of going from preclinical to phase 2. Phase 3 is not part of this study, neither is parallel production.
- adriancr 6y agoThat is a study of existing vaccines based on existing practices (which result in astrazeneca's 70% effective vaccine) BioNTech is a different vaccine type, hence effectiveness and fact that both moderna and pfizer license it. The fact that Germany subsidised the last stages to speed it up doesnt mean technology should be public access. That's for the government and company to negotiate.
- refurb 6y agoThe German funding is funding. The Pfizer funding is just a pre-purchase agreement.
- meragrin_ 6y agoAccording to the German article, they were already in phase 3 and they had not received any of that grant money. Seems to me, it is more about vaccine production at this point.