AstraZeneca Plans to Begin with Making a Potential Vaccine for Coronavirus

AstraZeneca Plans to Begin with Making a Potential Vaccine for Coronavirus

Published: 05-Jun-2020 | Published By: Market Research Store

AstraZeneca, the drug company, has decided to manufacture the potential vaccine for COVID-19.

Pascal Soriot confirmed that the trials of the drug are under way and the firm now needs to make doses in order to meet the demand in case the vaccine proves successful.

In the statement he confirmed that they have planned to manufacture the vaccine so that by the time results are out they have them to use it.

AstraZeneca has made the statement that they will be able to supply two billion doses of the vaccine.

Furthermore, Mr. Soriot also commented that manufacturing of the vaccine has started since they want it to be fast. He also added that the decision made by them is risky in terms of finance if the results for the vaccine are negative. This will cause the wastage of both the raw materials and the vaccines that are manufactured.

He said that at this bad time, AstraZeneca is not seeking to make a profit by manufacturing the vaccine.

If all goes well then the company will be able to manufacture two billion doses after signing two new contracts one will be with the Bill Gates.

AstraZeneca along with the scientists at Oxford University  are developing the vaccine have made an agreement that half of the doses will be supplied to the middle and low-income countries around  the world.

Serum Institute of India (SII), which is the largest manufacturer of vaccines by volume globally, is one of the new partnerships. The other is a $750m (£595m) deal with two health organizations backed by Melinda and Bill Gates.

The Coalition for Epidemic Preparedness Innovations (CEPI) and GAVI vaccines alliance are two charity organizations that are going to help find production facilities for the production and distribution of the 300 million vaccine doses. The vaccine delivery is expected by the end of the year.

Knowing the importance of how vaccines are important to save several lives Market Research Store has published a report on the global vaccines market which showcases the importance of the vaccines industry.

https://www.marketresearchstore.com/report/global-vaccines-industry-market-report-2019-industry-analysis-721469