Vaccine News
- Thread starter Pirata
- Start date
I don't prescribe to conspiracy theories like some posters here, but I knew (and I believe posted a couple of weeks ago) that a vaccine in January was a pretty much done deal because the FDA/BARDA was pulling the funding on therapies that they have been supporting in February/March. They weren't going to do that unless they knew that they were locked and loaded on a vaccine.
Why would they pull funding on therapies? In my opinion, a therapeutic is just as good, maybe more, than a vaccine. If you can treat the people who contract the virus, you don't have an issue.
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Nah, I'm waiting for Biden to say his admin deserves credit for the vaccine.
Watching CNBC and it has been brought up a few times, especially since Pfizer originally had projected to release these results end of October.
Seems they had some increase in cases, and wanted to review the results more, and since it wouldn't have changed their FDA approval timeline they waited to get more clear/air tight results.
Two reasons: There is a stockpile that has been created that will extend a bit and secondly, these companies will still be compensated for providing the therapies, just not at the premium the government has set to clear the deck and speed them to market.
Second paragraph very important. It didn’t delay anything, timeline was the timeline.
Did Operation Warp Speed have contribute to this? The Washington Post says no. But did you truly expect them to say it did. Did operation warp speed put pressure on Pfizer to get this done quickly.
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The answer is yes. Operation warp speed included funding to organizations that were creating therapies or vaccines. In order to fast track them to the market. In the case of vaccines investments were made to start up manufacturing in parallel to the clinical trials. In essence warp speed providing an insurance policy to these companies.
So yes, Trump and his administration get credit for this.
But Pfizer did not receive any of that funding, right? Are there other regulatory hurdles that were cleared to help Pfizer? Would Pfizer be in a different spot today without operation warp speed?
I'll just be thrilled if it works and we get back to normal at some point in the near future. If Trump paved that way, great. Go Trump.
That's not correct.
Bloomberg - Are you a robot?
www.bloomberg.com
^ edit - I didn't name that link. I don't know what it says that about a robot.
Pfizer basically received a purchase order for a completed product.
If Pfizer did not get a drug approved, Pfizer carried the risk.
We agreed to buy $2 billion worth of doses. If you want to get hung up on the semantics go right ahead.
lol... come on. That's not semantics. We agreed to buy a successful drug which is good because it guarantees doses will be available in the US when it is ready.
But compare to Novavex for example. They were paid to manufacture as they have trials. Government assumed the risk of a failed drug. That's good and would speed up distribution upon approval.
Pfizer did not do that though. Pfizer carried the risk to manufacture through trials.
If Pfizer's drug was never approved, Pfizer takes the hit.
Without operation warp speed, is Pfizer in the same spot in regards to their vaccine and manufacturing process?
Warp Speed is all about hedging bets, funding mechanisms and eliminating barriers to get as many therapies and treatments in the market. The deal with Pfizer is more of a collaboration with the German government. The actual source for the vaccine is being developed by the German company that has historically done co-developemnt projects with Pfizer. The answer to you last question is no.
Dow was up $400 before the news. Kyle Street cycling money out of CoVid stocks. Watch. Could be big buying opportunities coming in Apple, Amazon and other tech.
How much would Pfizer have been paid if the vaccine wasn’t approved?
$0.
That is not guaranteed revenue. Novavaex has guaranteed revenue as it was not contingent on anything.
Without the contract, Pfizer still has all the same incentives to develop a vaccine quickly. The entire world is going to want it, and whoever is first is in the best position. You haven’t yet been able to support the idea that Pfizer would not have been as far along without operation warp speed.
A better argument would be that the US is in a better position to distribute the vaccine because of operation warp speed because of the agreement with Pfizer to purchase the first 100 million doses plus up to an additional 500 million. That is at least supportable.
Yeah, like I said. I think it’s a good thing that we will have it here in the US early. I’ll give the administration credit for that.
I don’t think 85’s answer to the original question was accurate though. I don’t think operation warp speed placed pressure on Pfizer to get this done more quickly. Capitalism did... but if any one here wants to argue a more socialistic approach, have at it I guess.
exactly. im sure pfizer would have twiddled their thumbs for the once a century opportunity.
You don’t seem to get it. No one placed “pressure” on Pfizer. Giving them a $2 billion commitment meant Pfizer didn’t have to spend anything on how to prioritize, distribute or get reimbursed, Zero, nada, nothing. All they needed to do was create the vaccine, and fast track it through trials (which Warp Speed was also proving assistance). Do you think every company is getting that treatment? Warp Speed also gave Pfizer the autonomy to distribute directly, once again clearing the regulatory deck for them. With a $2 billion guarantee, Pfizer could borrow against it to speed up manufacturing.
You don’t seem to get it. The liberal media said operation warp speed had nothing to do with it. End of discussion. Accept it. LOL
Warp speed reduced the red tape to help Pharma do what they do best. That cleared the decks and encouraged huge investments from Pharma. Have to give tons of credit for that.
Lol. Read this thread. Hoopsfan asked if warp speed put “pressure” on Pfizer to get this done quick. His words, not mine.
You responded, yes because of the funding they received... but they didn’t receive any funding.
Now, you’re just changing that to be right and making up stuff about their financials like they would be too strapped for cash or that they lack the ability to find distribution.. to research a vaccine that hundreds of millions of people will want? Really?
Sorry. Like I said, give the Trump admin credit for getting the US the rights to get it first. That’s great.
I hereby declare I will give 1 trillion to whoever can bring me a ship with the ability to travel faster than light. You’re welcome world.
You responded, yes because of the funding they received... but they didn’t receive any funding.
Now, you’re just changing that to be right and making up stuff about their financials like they would be too strapped for cash or that they lack the ability to find distribution.. to research a vaccine that hundreds of millions of people will want? Really?
Sorry. Like I said, give the Trump admin credit for getting the US the rights to get it first. That’s great.
I hereby declare I will give 1 trillion to whoever can bring me a ship with the ability to travel faster than light. You’re welcome world.
And if that’s the case, great. I was just trying to understand what it was that made it faster.
I don’t think we need to make things up to support it.
I like the idea of government investment in Pharma. Bernie talked about it a lot 5 years ago as a way to reward innovation without increasing Rx prices to consumers.
Sure, so by not understanding the fundamentals of how Pharma, drug discovery, distribution and investment work, you just refuse to accept any other POV. Got it.
I don’t care if you believe it, but I’ve had a front row seat with OWS and have been under the tent with the FDA/CBER and BARDA on development and making a therapeutic available. It has worked in mobilizing various segments of the healthcare industry, providing incentives and reducing red tape.
Again, if you re-read the thread...that’s what I was trying to understand and why I asked the question.
I even gave you the opening asking about regulatory hurdles... but you went with that they did receive funding, which is not accurate.
They have possible future revenue contingent to a performance obligation, which is not revenue until they meet the obligation especially when there is no guarantee they would ever meet the obligation.
So what I was trying to understand is, where would Pfizer have been held up in the process of not for ows? Clearly they would have still been trying to come up with a vaccine the entire world will want, so was it related to clinical trials? Approvals to the next stage of trials?
You are trying to parse words to make a point and it’s not working. You don’t like the word “funding”? Fine. Warp Speed provided a hefty “incentive” for Pfizer to work with the German company and their government to make the necessary investments to speed the drug to market. I can’t help you understand all the factors that need to be in place to make that happen because you refuse to read what I posted.
And it’s guaranteed revenue based on regulatory approval which Pfizer knew was certain that they had an efficacious vaccine already.
Not trying to parse words. Trying to understand what ows did to speed things up. "Red tape" is political talk. I'm just asking what steps went faster? If you're not sure, that's fine.
They had an effective drug which they were sure was going to get FDA approval in July when they signed the agreement? If they hadn't signed the agreement, they would not have been as far along now?
They had an effective drug which they were sure was going to get FDA approval in July when they signed the agreement? If they hadn't signed the agreement, they would not have been as far along now?
I’ve already answered your questions. They have immediate and guaranteed distribution coordiordinated and paid for by Warp Speed. Even though there is demand, the cost and effort to do all of that is considerable. Pharma Economics 101.
Red tape is not political when a drug is fast tracked in the system. You obviously have no idea how clinical trials, EUA’s, etc. work.
Phizer did not take money from Operation Warp Speed . Did it on its own .They will take their money for distribution of the vaccine.
They did not take money for the development of the drug. They are getting $2 billion for distribution. They are getting paid by Warp Speed.
Trump mentioned at the debate he was working with J&J and Pfizer by name. I find it odd with all the fact checking nobody called him out on that from anything I’ve seen. Then Pfizer comes up with a vaccine, Trump had nothing to do with it.
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