WASHINGTON, Aug. 5 (Reuters) - The United States government will pay Johnson and Johnson more than US$1 billion for 100 million dosages of its potential coronavirus antibody, as it load up on immunization and medications trying to tame the pandemic.
The most recent agreement is evaluated at generally US$10 per immunization portion created by J&J, or around US$14.50 per portion, including a past US$456 million the US government vowed to J&J for antibody advancement in March.
That contrasts and the US$19.50 per portion that the US is paying for the immunization being created by Pfizer and German biotech BioNTech.
J&J is considering both one and two-portion regimens of its immunization. Pfizer and BioNTech's up-and-comer would require two dosages for each individual treated. The drugmaker said on Wednesday it would convey the antibody to the Biomedical Advanced Research and Development Authority (BARDA) on a not-revenue driven premise to be utilized after endorsement or crisis use approval by the US Food and Drug Administration (FDA).
The US government may likewise buy an extra 200 million dosages under a resulting understanding. J&J didn't unveil that arrangement's worth.
With the most recent arrangement, President Donald Trump's organization has burned through US$9.4 billion on antibody understandings, with five organizations consenting to give at any rate 700 million portions, as indicated by an AFP count.
These arrangements, under Operation Warp Speed, anticipate propelling creation in corresponding with clinical preliminaries, with the administration removing the monetary hazard from the private division.
The US has additionally burned through billions on building producing destinations, on organizations that make needles and vials, and on the advancement of medicines.
Washington has purchased up practically all supply of the antiviral medication remdesivir that will be delivered until September. The medication is the main treatment with demonstrated advantage against COVID-19.
Different drugmakers who have marked arrangements incorporate Sanofi and Regeneron.
This is J&J's first arrangement to flexibly its investigational antibody to a nation. Talks are in progress with the European Union, yet no arrangement has yet been reached.
J&J's investigational antibody is as of now being tried on sound volunteers in the United States and Belgium in a beginning phase study.
There are as of now no endorsed immunizations for COVID-19. More than 20 are in clinical preliminaries.
Portions of J&J were up around 1 percent in early exchanging on the New York Stock Exchange.
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