Health officials detail need for $2B vaccines fund

In an effort to bridge the financial gap between early stage drug discovery work and late stage development, health officials this week called for the formation of a $2 billion fund to aid vaccine research against deadly diseases such as Ebola, MERS and West Nile virus. Experts wrote in a paper published in the New England Journal of Medicine that the funds should come from the pharma industry, governments and foundations plus other sources such as the travel and insurance industries. More

Suggested Articles

Pfizer and BioNTech followed supply pacts in the U.S. and U.K. with a new deal to deliver 120 million vaccines to Japan in the first half of 2021.

Sanofi's cost cuts are adding up, execs said in an update Wednesday. The company has trimmed nearly €1 billion in annual expenses so far in 2020.

Shingrix sales in the second quarter plummeted by half from first-quarter levels, and recovery of vaccination rates remains slow amid the pandemic.