AstraZeneca and Johnson & Johnson pledged to produce hundreds of millions of doses of their vaccines at no profit to themselves. Moderna, however, which has been granted $483 million to develop its product, made no such promise
A scientist works at the Center for Virology and Vaccine Research in Boston on May 19, 2020. In Boston and in the Netherlands, scientists are racing to build a vaccine against the virus strangling the world
Image: Tony Luong/The New York Times
Executives from four companies in the race to produce a coronavirus vaccine — AstraZeneca, Johnson & Johnson, Moderna Therapeutics and Pfizer — told lawmakers on Tuesday that they are optimistic their products could be ready by the end of 2020 or the beginning of 2021. All four companies are testing vaccines in human clinical trials.
Three of the firms — AstraZeneca, Johnson & Johnson and Moderna — are getting federal funds for their vaccine development efforts. AstraZeneca and Johnson & Johnson pledged to the lawmakers that they would produce hundreds of millions of doses of their vaccines at no profit to themselves. Moderna, however, which has been granted $483 million from the government to develop its product, made no such promise.
“We will not sell it at cost,” said Dr. Stephen Hoge, the president of Moderna.
Many Democratic lawmakers have argued that federal funding for vaccine development should include provisions to guarantee affordability and guard against profiteering.
At the congressional hearing Tuesday, some House members raised concerns about Pfizer’s decision to reject federal funds, suggesting it could lead to price-gouging and a lack of transparency.
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