July 26, 2020

US doubles spending on potential virus vaccine to nearly $1 billion

Washington (AFP) – The United States has doubled its investment — to nearly $1 billion — to expedite development of a potential COVID-19 vaccine by American firm Moderna, which on Monday begins the decisive final phase of clinical trials.The government now plans to spend up to $472 million on top of the previously announced $483 million, the Moderna biotechnology company announced Sunday.Moderna said the added investment was justified by its decision, in conjunction with the government, to “significantly” expand a Phase Three clinical trial of a candidate vaccine to include 30,000 participan…

source https://this.kiji.is/en/660220982836986977?c=648607265489716321

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