Israel has signed a formal agreement of intent with US pharma giant Pfizer for some eight million doses of its coronavirus vaccine candidate – if and when it is approved and the company starts supplying it to foreign customers.
Pfizer could receive an upfront payment of over $35 million as early as next week, even though the agreement does not include any commitment to actually supply the vaccine, Ynet reports. The remaining $200+ million will be paid once some eight million jabs are shipped, but if increased demand in the US or other ‘circumstances’ prevent Pfizer from fulfilling the order, Jerusalem expects a refund.
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