"U.S. Government Invests $5 Billion in Next-Generation COVID Vaccines"

1 min read
Source: Seeking Alpha
"U.S. Government Invests $5 Billion in Next-Generation COVID Vaccines"
Photo: Seeking Alpha
TL;DR

The US government has launched a $5B program called "Project Next Gen" to speed up the development of new COVID-19 vaccines and treatments. The program will encourage public-private collaborations and focus on developing vaccines that produce mucosal immunity, target new COVID variants and other coronaviruses, and long-lasting monoclonal antibodies. The timeline for the market launch of new products will depend on multiple factors, including developers' production plans and FDA reviews.

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