The US government's Operation Warp Speed is providing $450m to Regeneron Pharmaceuticals, Inc. to support large-scale manufacturing of its investigational COVID-19 therapeutic and $1.6bn to Novavax, Inc. for late-stage clinical development and large-scale manufacturing of its COVID-19 vaccine candidate.
The awards are a boon for the companies, as ramping up production for worldwide supply of COVID-19 products is a daunting hurdle
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