Trump Pressures Pharma Companies

Trump Pressures Pharma Companies to Accelerate Coronavirus Vaccine

As the coronavirus continues to spread and fatalities rise across the globe, on Monday, President Trump met with pharmaceutical and biotechnology companies speaking about the timeline of a coronavirus vaccine.

How to accelerate a vaccine and how to speed up the supply chain are the key issues being worked through right now said Alex Azar, the Health and Human Services Secretary, during the meeting.

Companies said they planned to work together to produce treatments though they had drugs in different clinical testing phases.

It is likely to have therapies available before a true vaccine, said Trump.

Trump was informed by CureVac that by June, it could potentially have a vaccine ready for phase one trials and once that is done, it says that it has the capacity to make doses in hundreds of millions in number.

Sanofi executives said that without jeopardizing the production of the flu vaccine, it could produce as many as 600 million doses of a potential vaccine per year. Though finalization could take several years depending on help from federal agencies, the company thinks it could have a product ready for the clinic in one year.

Starting from

August, New York-based Regeneron said it could have a capacity of 200,000 doses per month.

On Monday, in Washington state, Gilead Sciences said that it planned to test Remdesivir, an antiviral drug. In China, clinical trials are already ongoing.

The stocks went higher on the heels of the market’s worst week since the financial crisis after the news of the meeting.

Ticker Security Last Change Change %
GOLD BARRICK GOLD CORP. 19.86 +0.82 +4.31%
SNY SANOFI S.A. 48.74 +2.49 +5.38%
PFE PFIZER INC. 34.88 +1.46 +4.37%


vaccine is likely at least a year away said a leading expert on coronavirus, the director of the National Institute of Allergy and Infectious Diseases, Dr. Anthony Fauci.

Trump pressures pharma companies noting that he wanted medications to be made in the U.S.

The White House task force is working closely with governors and is meeting daily said the president.



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