Prognosis
Pfizer, BioNTech Boost Vaccine Output Goal by More Than 50%
- Partners expect to produce 2 billion doses as demand surges
- Companies previously targeted production of 1.3 billion doses
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Pfizer Inc. and BioNTech SE plan to produce 2 billion doses of their Covid-19 vaccine this year, boosting previously expected output by more than 50% in response to surging global demand.
The companies have already agreed to deliver more than 1 billion doses in pacts with various countries, BioNTech said in a presentation at the JP Morgan Healthcare Conference on Monday. The European Union last week sealed a deal to double its supply of Pfizer-BioNTech shots to as many as 600 million, while the U.S. has locked in a total of 200 million doses.