Which companies are leading the coronavirus vaccine race?
Companies based in the United States and abroad are competing for funding to develop a coronavirus vaccine as soon as possible.
MELINDA GATES: THESE PEOPLE DESERVE TO GET CORONAVIRUS VACCINE FIRST
Experts say that developing such a vaccine can take years and billions of dollars, but vaccine testing is already underway in countries like the U.S. and South Korea.
Billary Gates, the billionaire who contributed millions to the fight against the virus, said in June that he was the most encouraged by the three vaccine candidates from Moderna, AstraZeneca and Johnson & Johnson. Gates believes that it is possible to scale up to 10 billion doses of a successful vaccine in two years to achieve global herd immunity, he said, according to Forbes.
According to the Milken Institute, 172 COVID-19 vaccines are in development and 13 in clinical trials.
Here are some of the most advanced coronavirus prevention companies:
Massachusetts-based Moderna Therapeutics was the first US company to provide a coronavirus vaccine for human testing. His CEO said the company will offer the vaccine at the same price as similar existing vaccines.
Moderna will test its vaccine on 30,000 volunteers from July.
UK-based AstraZeneca is working with Oxford University to deliver a coronavirus vaccine to European countries such as France and Germany if the vaccine proves to be effective.
The tests started in April.
WHY IS BILL GATES IN THE FIGHT AGAINST CORONAVIRUS?
Johnson & Johnson
Johnson & Johnson's pharmaceutical company Janssen partnered with Beth Israel Deaconess Medical Center, part of Harvard Medical School, in March to test and select its leading coronavirus vaccine candidate.
Johnson & Johnson plans to begin human clinical trials in July.
The company has partnered with the United States Department of Biomedical Research and Development, part of the Department of Health and Human Services, to invest more than $ 1 billion in coronavirus control.
Inovio Pharmaceuticals is a Pennsylvania-based biotech company that received a $ 71 million grant from the Department of Defense on June 23 to expand its Cellectra intradermal DNA vaccine delivery device.
Inovio has already received $ 10 million from Bill Gates' Coalition for Epidemic Preparedness Innovations to accelerate device testing.
Inovio said it had developed a coronavirus vaccine in mid-January, hours after accessing the genetic sequence.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
China-based CanSino has received approval to begin human clinical trials in China. CanSino is known to develop the world's first Ebola vaccine that is approved worldwide.
The company released data from its first round of testing at the end of May that warranted "further investigation," BioSpace reported.
Get FOX BUSINESS on the go by clicking here
Google optimizes data protection guidelines to give users more control
Trump supports the second review of the coronavirus stimulus, but could be challenged by some Democrats and Republicans
How do transparency laws work in healthcare?
You should check here to buy the best price guaranteed products.
CG: HOU@LAA - 9/21/21
Camila Cabello shows off her curves in thong bikini while enjoying beach day in Miami
‘I Just Couldn’t Say No,’ Says Meghan McCain About Joining ‘DailyMailTV’
Zooey Deschanel, Jason Alexander, More Stars Complain About Not Having Emmys in Hilarious Sketch
Elvira 's Cassandra Peterson Reveals 19-Year Relationship With a Woman: 'I've Got to Be Truthful'
Banker Says India Credit Market Worst She’s Seen in Two Decades