(CNN)”Operation Warp Speed,” the federal government’s Covid-19 vaccine program, on Tuesday announced the largest government Covid-19 vaccine contract to date — a $1.6 billion contract with Novavax, a Maryland biotech company. “It speaks to the confidence that they have in our platform to be able to develop a vaccine,” Stanley Erck, Novavax’s president and CEO, said Monday in an interview with CNN. Coronavirus vaccines: ‘Encouraging’ early data for some, a trial delay for another and more research ahead Erck said Novavax’s vaccine could be on the market by the first quarter of next year. Novavax is the fourth company to receive federal funds to conduct large-scale Phase 3 clinical trials and manufacture its Covid-19 vaccine. Each trial is expected to include 30,000 people. In May, the government awarded more than $1.2 billion to pharmaceutical giant AstraZenca for vaccine development. Moderna and Johnson & Johnson have also received Phase 3 contracts. Read More Phase 1 clinical trial data from Novavax on 131 study subjects is expected by the end of the month, Erck said. Erck said he expects Novavax to begin those Phase 3 trials in the fourth quarter of this year, or possibly late in the third quarter. ‘Operation Warp… Read full this story
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