Pfizer, BioNTech to co-develop potential Covid-19 vaccine

The drugmakers will start collaborating immediately and finalise terms over next few weeks. FMTNews

The race is on to develop a vaccine following 179,000 infections and more than 7,000 deaths.

The drugmakers will start the collaboration immediately and have signed a letter of intent for the vaccine’s distribution outside China, they said in a joint statement. Reuters reported on Sunday that the German government was trying to stop the US administration from persuading CureVac, another German drugmaker working on an experimental vaccine for the coronavirus, to move its research to the United States.

BioNTech on Monday struck a collaboration deal with Shanghai Fosun Pharmaceutical over its rights in China to its experimental coronavirus vaccine, aiming to start testing on humans from late April.

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