US to pay Pfizer $1.95 bn to produce millions of doses of COVID-19 vaccine

US to pay Pfizer $1.95 bn to produce millions of doses of COVID-19 vaccine
Pfizer Inc. and German biotech firm BioNTech SE will get $1.95 billion from the US government to produce and deliver 100 million doses of their COVID-19 vaccine candidate. (File/Reuters)
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Updated 22 July 2020

US to pay Pfizer $1.95 bn to produce millions of doses of COVID-19 vaccine

US to pay Pfizer $1.95 bn to produce millions of doses of COVID-19 vaccine
  • Pfizer and BioNTech are among a handful of companies that are racing to develop a vaccine for COVID-19
  • Their vaccine candidate has shown promise in early-stage small studies in humans

BENGALURU: Pfizer Inc. and German biotech firm BioNTech SE will get $1.95 billion from the US government to produce and deliver 100 million doses of their COVID-19 vaccine candidate.
The agreement allows the US government to acquire an additional 500 million doses, the Department of Health and Human Services and the Department of Defense said.
Pfizer will deliver the doses if the product receives Emergency Use Authorization or licensure from the US Food and Drug Administration, after completing demonstration of safety and efficacy in a large Phase 3 clinical trial.
A vaccine is seen as crucial to tackle the pandemic and governments across the globe have signed deals with drugmakers to secure dosages of their vaccine candidates.
Pfizer and BioNTech are among a handful of companies that are racing to develop a safe and effective vaccine for COVID-19, caused by the new coronavirus. Their vaccine candidate has shown promise in early-stage small studies in humans.
Pfizer’s shares rose 4%, while BioNTech’s US-listed shares were up about 6% before the bell.


Russian victim regains consciousness following stabbing attack in Istanbul

Russian victim regains consciousness following stabbing attack in Istanbul
Updated 11 min 28 sec ago

Russian victim regains consciousness following stabbing attack in Istanbul

Russian victim regains consciousness following stabbing attack in Istanbul
  • The victim, a fashion model, was a tourist visiting Turkey and had never met the attacker before

LONDON: A Russian woman who was stabbed seven times by a knife-wielding attacker in Istanbul has regained consciousness, her sister said. 
Maria Rosanova, who is the sister of the victim Alexandra, told Life.ru news website that doctors at the hospital said she had regained consciousness and doctors are assessing her condition, according to a report by RT Arabic. 
Alexandra, a fashion model, was a tourist visiting Turkey and had never met the attacker before. 
“The incident not only caused physical suffering to her, but also emotional damage,” her sister said. 
Alexandra was attacked by a Turkish man along with two other Russians, a man and a woman, late on Sunday night. They were taken to hospital but their injuries were not life threatening. 
 The man suspected of attacking the Russians, a local garbage collector, has been detained by police, according to Russian agency Sputnik.
Preliminary reports suggested he was mentally ill.
The attack was caught on camera and widely shared online.
Turkey continues to grapple with high rates of violent crime, particularly murder and attempted murder.