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Home / Business / Pfizer begins Phase 3 trial when Foki is optimistic about vaccine timeline

Pfizer begins Phase 3 trial when Foki is optimistic about vaccine timeline



PFE) introduction to Phase 3 with one of the candidates, developed together with BioNTech (BNTXIt seems that the global search for coronavirus vaccine begins in flight as a number of drug companies continue to conduct clinical trials ̵

1; including a late notification from Pfizer (PFE) about entering phase 3 with one of the candidates developed together with BioNTech (BNTX).

Progress in the effective inoculation of COVID-19 is due to the fact that the virus continues to claim new victims around the world, while the United States is fighting a hard battle to contain the outbreak in confirmed cases. Vaccines remain key to overcoming the harsh constraints of public life, which include wearing public masks and socially distancing themselves, all of which have come close to US political discourse.

a recent Yahoo Finance interview, Foki said the accelerated shock is “worth it” despite the risks involved. However, the run in vaccines has made Anthony Foci, the federal government’s chief infectious disease expert, “cautiously optimistic” that the potential candidate for the vaccine could appear by late fall, he said on Tuesday. In an interview with Yahoo Finance, Fauci said the accelerated push was “worth it,” despite the risks involved.

PFE) CEO Albert Burla said that the company expects to receive some news and has completed a review of regulatory acts by October 2020. The company had four potential candidates, and one of them – a double dose of 30 mcg – went into the final phase. “Data-reactid =” 23 “> On Wednesday, Wednesday, Pfizer (PFE) CEO Albert Burla said the company expects receiving news and completing the regulatory review by October 2020. The company has four potential candidates and has put forward one of them – a double dose of 30 mcg – until the final phase.

MRNA) also announced trial phase 3 yesterday, which it is doing with significant funding and support from the federal government. Johnson and Johnson (JNJ) also announced the entry into phase 1 of its candidate on Monday. Modern (MRNA) also announced yesterday that it will hold Phase 3, which it is conducting with significant funding and support from the federal government. Johnson & Johnson (JNJ) also announced the entry into Phase 1 of its candidate on Monday .

Pfizer executives told investors on Tuesday that they view the pandemic as a source of steady income as the vaccine becomes a seasonal need, like the flu, and pricing is adjusted accordingly. The current price of $ 19.50 is based on 100 million doses purchased by the federal government for $ 1.95 billion, and is lower than the value the company believes the drug has for society, according to Burla.

Pricing is a concern for some patient advocacy groups, who believe that companies should provide the vaccine at no commercial cost.

Angela Hwang, Pfizer’s global president of biopharmaceuticals, said on Tuesday that the company would not offer other countries a lower price than the United States, except for poor countries.

“No country in the developed world will receive (COVID-19 vaccine) at a lower price than the U..S.” for similar commitments by volume, Hwang added.

Moving to a “dangerous” addiction

Production and logistics are the biggest hurdles the United States must overcome to respond to the coronavirus outbreak.

That’s why the US Department of Health and Human Services, through Operation Warp Speed ​​and the Department of Defense (DD), has invested in various strategies to help increase production in the United States.

Lack of protective equipment, test equipment, glass vaccine vials and the need to transport vaccines in the refrigerator are all tense in a pandemic. To date, the executive has funded or used the Defense Protection Act (DPA) to manufacture N-95 masks and fans and other critical equipment.

CODE) and FUJIFILM (FUJIY) with Texas A&M University for production. It also funds the production and research of COVID-19 vaccines, which includes announcements this week to use Eastman Kodak (KODK) and FUJIFILM (FUJIY) from Texas A&M University for production.

received a loan of $ 765 million aimed at the production of generic active ingredients of the drug – a product that is mainly produced in foreign companies in India and China. Under the DPA, Kodak has received a $ 765 million loan to produce generic active ingredients, a product that is largely produced by foreign companies in India and China.

Earlier, the HHS awarded a grant of up to $ 812 million to run Phlow Corporation in line with the Trump administration’s position that the United States is overly dependent on foreign products.

“If we have learned anything from the global pandemic, it is that Americans are dangerously dependent on foreign supply chains for their basic medicines,” said Peter Navarro, a White House adviser, in a statement about the Kodak loan.

$ 265 million contract together with FUJIFILM and Texas A&M to help increase vaccine production in the country. This includes candidates such as Novavax (NVAX), which recently announced a separate partnership with FUJIFILM. Separately, HHS has announced a $ 265 million contract with FUJIFILM and Texas A&M to help increase vaccine production in the country, including candidates such as Novavax (NVAX), which recently announced a separate partnership with FUJIFILM.

Warp Speed ​​has previously provided hundreds of millions for key medical supplies to companies such as ApiJect, Corning and SiO2 Material. However, other companies are self-producing drugs without public money.

Quartic.ai, a startup like Flow, also recognized the need for domestic drug ingredient production and began tackling the problem before the global pandemic. Earlier this year, the company partnered with Bright Path Labs to focus on the ongoing production of drug ingredients.

Larry Taber, vice president of life sciences at Quartic, told Yahoo Finance that Bright Path had liaised with the White House coronavirus group to produce 25 ingredients.

“This technology, which has a constant flow, has existed for a decade and a half, but the pharmaceutical industry did not adopt it a couple of years ago,” Taber said.

This technology requires less space than traditional batch production, and it will take only a few months to create. According to Taber, the veteran of pharmaceutical medicine suggested that the reason for his non-withdrawal was that the existing infrastructure of these companies was expensive.

“I’ve taken products outside the United States and I know we can bring them back … and we can make them just as competitive,” he said.

reporterin Yahoo Finance. Follow her on Twitter:@AnjKhem“data-reactid =” 48 “>Anjalee Khemlani – a reporter in Yahoo Finance. Follow her on Twitter: @AnjKhem

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