Trump admin. agrees to pay Pfizer $1.95B for 100M more vaccine doses

Enlarge / A nurse in the UK holds a vial of the Pfizer-BioNTech COVID-19 vaccine on December 22, 2020. (credit: Lindsey Parnaby | AFP | Getty Images)

The Federal government has reached a deal with drugmaker Pfizer to secure an additional 100 million doses of the Pfizer-BioNTech COVID-19 vaccine before the end of July, the company said today.

Under the terms of the new agreement, the government will pay $1.95 billion for the additional doses. Of the new vaccine doses, 70 million are due by June 30, with the remaining 30 million to be delivered no later than July 31. The agreement also provides US authorities with the option to order up to 400 million additional doses of the vaccine later.

Health and Human Services Secretary Alex Azar said in a statement that the additional Pfizer vaccine "can give Americans even more confidence that we will have enough supply to vaccinate every American who wants it by June 2021," when added to the 100 million doses the US government has already agreed to purchase from Pfizer, as well as the recently approved Moderna vaccine.

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