The Race for a COVID-19 Vaccine: Strategies and Stakes

It’s February 2020 and drugmaker Moderna’s sprinting ahead – its Covid vaccine is already poised to enter human trials.

But Moderna and its rivals know plenty of vaccines never make it out of trials alive. It’s also going to take a lot of manufacturing muscle to inoculate the world. All of which costs a lot of moolah.

And if the vaccine makers can’t secure a deep-pocketed partner in time, they’re going to get disqualified from the race.

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