'Operation Warp Speed,' the federal government's Covid-19 vaccine program, has announced the largest government Covid-19 vaccine contract to date — a $1.6 billion contract with Novavax, a Maryland biotech company.
"Operation Warp Speed," the federal government's Covid-19 vaccine program, on Tuesday announced the largest government Covid-19 vaccine contract to date -- a $1.6 billion contract with Novavax, a Maryland biotech company.
"It speaks to the confidence that they have in our platform to be able to develop a vaccine," Stanley Erck, Novavax's president and CEO, said Monday in an interview with CNN.Erck said Novavax's vaccine could be on the market by the first quarter of next year.
Erck said he's"optimistic" that Novavax's approach will work and that his team is working"twenty-four seven" on the vaccine. "Everybody understands the importance of what we're working on. It's precedent setting," he said. In June, Novavax announced a $60 million contract with the US Department of Defense to deliver 10 million doses to the department.
"Operation Warp Speed" has the goal"to begin delivering 300 million ... doses of safe and effective vaccine to the American people in 2021," according to a Department of Health and Human Services statement issued Tuesday morning.CNN's Dana Vigue and Wes Bruer contributed to this report.
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