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Tiger5150
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@mike said in [Coronavirus Outbreak](/post/1282579) said:@Tiger5150 said in [Coronavirus Outbreak](/post/1282571) said:@mike said in [Coronavirus Outbreak](/post/1282561) said:@Tiger5150 said in [Coronavirus Outbreak](/post/1282520) said:@mike said in [Coronavirus Outbreak](/post/1282504) said:@Tiger5150 said in [Coronavirus Outbreak](/post/1282496) said:@mike said in [Coronavirus Outbreak](/post/1282485) said:@Tiger5150 said in [Coronavirus Outbreak](/post/1282470) said:@cochise said in [Coronavirus Outbreak](/post/1282451) said:@Tiger5150 said in [Coronavirus Outbreak](/post/1282354) said:@Cultured_Bogan said in [Coronavirus Outbreak](/post/1282348) said:The Pfizer vaccine did not receive one cent of US taxpayer funding.
That is not true. In July the US Govt preordered 600Million doses for US$1.92B. That is a LOT of US taxpayer cents.
Before you start splitting hairs between "grants" and pre-orders, it is irrelevant. It is all guaranteed return on investment.
Much is made of the fact that there has never been a vaccine made before for a coronavirus. This is not because it is hard or not possible to make a vaccine for coronavirus, but because previously with other coronavirus (SARS etc) the threat and therefore the demand is over before it is possible to develop a vaccine and therefore millions of $$ washed down the toilet. By pre-ordering and guaranteeing $ 1.92B, the US government made sure of the development.
https://www.pfizer.com/news/press-release/press-release-detail/pfizer-and-biontech-announce-agreement-us-government-600
Was this pre-order paid for at the time of the order or was it to be paid when and if the order was delivered? This makes a massive difference.
Why does it make a "massive" difference?
It makes zero difference, it is guaranteed return on investment of $1.92M US dollars. More than enough incentive to make it happen.
or in Pfizers own words....*" **Pfizer Inc.** (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) today announced the execution of an agreement with the ***U.S. Department of Health and Human Services and the Department of Defense to meet the U.S. government’s Operation Warp Speed program*** goal to begin delivering 300 million doses of a vaccine for COVID-19 in 2021. Under the agreement, the U.S. government will receive 100 million doses of BNT162, the COVID-19 vaccine candidate jointly developed by Pfizer and BioNTech, after Pfizer successfully manufactures and obtains approval or emergency use authorization from U.S. Food and Drug Administration (FDA)."*
This narrative that the Pfizer vaccine had nothing to do with the US government or the "warp speed" project is ridiculous and purely anti Trump, who is a convicted Rapist and Felon driven.
Because the risk is all with Pfizer. They pay for the research and development. The orders only pay off if they are the successful candidate. If it had failed ***or others had beat them*** the pre-orders amount to naught.
Except that that is not true. They just need to make 100M doses and they get the $1.92M.
Why did the US not pre-order from other companies?
False. That is only true because they were successful in developing the vaccine. Had it failed they would have got zip, nada, nothing. Because they have been successful they will get orders from many countries. Warp Speed pre orders are meaningless. Many govts, including the US would order from whoever was successful.
Complete rubbish. So Pfizer are working out if they are going to spend millions/billions on R&D, like every other drug they develop. They sit down and work out if it will be worth it, will the pendemic end before its developed, what the market for it will be, whether it is worth the risk....and the US government comes along and says "you make it and you are guaranteed a minimum of $ 1.92B" and that has no impact on the development of the vaccine? Rubbish.
Lets entertain it for a second....lets say you are right and I am wrong (you arent and Im not).....if thats the case....why did the US pre-order? Why wouldnt they just wait to see who develops it first?
Nope again. Pre-orders mean nothing unless you can produce the product. In the case of vaccines there is a high risk of failure. Actual grants for research and development are meaningful. Whoever developed the vaccine for Covid19 first was always going to make a money, for orders and pre-orders from all over the world. If they don’t produce a viable vaccine all those pre-orders are worthless and they don’t make a cent and lose money.
Except that there isnt a guaranteed market.
Tell me again why a coronavirus has never been previously developed, despite the fact that there have been deadlier coronavirus' previously, but this one was developed in 9 months?
The whole world is a guaranteed market if you develop the first vaccine for Covid19.
Not if it disappears (like SARS1 which was deadlier) or the world deals with it other ways or develops herd immunity (like Spanish flu). The US pre-ordered early July, 3 months in. If COVID2 went the same way as SARS1 or Spanish Flu, there is zero market and millions of dollars are blown, or you dont develop a vaccine (like SARS1 or Spanish Flu)........unless of course, someone comes along with a $1.92B preorder.
Because every virologist and biological scientist on the planet was working towards a vaccine.
Well for starters, thats rubbish. Not every virologist or biological scientist was working towards a vaccine. You know which ones were? They ones who were paid to do so. YOu know which ones were paid to do so? The ones who worked for a company that had decided that it was worth spending millions of $$$ on R&D because there was a market. You know which companies were most confident and therefore paid virologists to R&D a vaccine? Im sure companies that had been guaranteed $ 1.92B in orders would have been among them.