AstraZeneca receives $1 billion in US funding for Oxford University coronavirus vaccine

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AstraZeneca receives $1 billion in US funding for Oxford University coronavirus vaccine
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AstraZeneca has agreed to initially supply at least 400 million doses of Oxford University's coronavirus vaccine and secured total manufacturing capacity to produce 1 billion doses.

The U.S. Biomedical Advanced Research and Development Authority has given AstraZeneca more than $1 billion in funding for the coronavirus vaccine.It announced a partnership with Oxford University in April to develop and distribute the vaccine.AstraZeneca

AstraZeneca's development program of the vaccine includes a phase three clinical trial with 30,000 participants and a pediatric trial. The University of Oxford announced it had partnered with AstraZeneca in April, to allow the drugmaker to develop and distribute the vaccine being researched by the Jenner Institute and Oxford Vaccine Group.

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