The U.S. government has awarded Novavax Inc US$1.6 billion to cover testing, commercialization and manufacturing of a potential coronavirus ...
The U.S. government has awarded Novavax Inc US$1.6 billion to cover testing, commercialization and manufacturing of a potential coronavirus vaccine in the United States, with the aim of delivering 100 million doses by January 2021.
It will also cover the cost of running a large Phase III trial - the final stage of human testing, which could begin as early as October. In May, Novavax got an additional US$388 million in funding for COVID-19 vaccine development from the Coalition for Epidemic Preparedness Innovations after a US$4 million investment in March. In June, the U.S. Department of Defense awarded the company US$60 million to support manufacturing of 10 million doses of its vaccine in 2020.The company is in the process of transferring its vaccine technology to an unnamed contract manufacturer that has two large manufacturing facilities, the CEO said.
Novavax did not start human safety trials until late May. One reason for the delay is that the vaccine is grown in insect cells, a process that can take 30 days before company scientists can start purifying it and making it in bulk.
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