Is There a Market for Covid Vacine?

The advance market commitment served a specific purpose. The best estimates are that it saved about 700 thousand lives by getting the vaccine to market at least five years sooner than it would have otherwise. There was substantial uncertainty about how long the pandemic would actually last, whether it would burn itself out due to herd immunity fairly quickly. It's hard to imagine and remember now, but in april 20 20, could there be two waves? We can't possibly fathom two waves.