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U.S. plans to invest billions in manufacturing COVID-19 vaccine

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The United States is planning to invest billions of dollars in expanding COVID-19 vaccine manufacturing capacity to make available an additional one billion doses per year, a Biden administration official said on Wednesday.

The announcement to be made Wednesday comes as the administration of President Joe Biden faces pressure from activists to increase the vaccine supply to poorer countries.

The investment in vaccine production is part of a private-public partnership to address vaccine needs at home and around the world and also to prepare for future pandemics, Dr. David Kessler, who oversees vaccine distribution, and Jeff Zients, the White House coronavirus response coordinator, told the New York Times, which first reported the plan.

The plan is estimated to cost several billion dollars and will be paid for with funds from the American Rescue Plan Biden signed into law in March, Kessler told the newspaper. Continue Reading

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