Joe Biden Will Announce Vaccine Partnership

Joe Biden will announce vaccination partnership. US President Biden is expected to announce "historical partnership" in vaccine.

Today, US President Joe Biden is expected to announce that Johnson&Johnson will develop a coronavirus vaccine in partnership with the pharmaceutical giant Merck, according to the statements of senior officials who are knowledgeable on the subject. Anonymous officials stated that they were looking for additional production capacity in the country and that an agreement was made with Merck, one of the world's largest vaccine manufacturers. According to the agreement, Merck will give its two production facilities in the USA to Johnson&Johnson. The production and distribution process of the vaccine and the increase in supply will also be realized by these companies. One of the officials defined this partnership as a "historical partnership" and stated that the two companies saw this situation as "war period"-like efforts. Authorities declined to elaborate on how Merck would contribute to Johnson&Johnson's vaccine production and distribution process. Again, according to the officials, the Joe Biden government's effort to accelerate vaccine production stems from their desire to be prepared for new variants of the virus. While Johnson&Johnson did not make any statements regarding the agreement, Merck stated that they were determined to contribute to the global fight against the coronavirus epidemic.       Source: Bloomberg HT