Quote:
Originally Posted by 5 south
How much do they need?
Would 360mil suffice you think?
We can take our 400mil for the WHO, be nice and match China's $40mil contribution and give the rest to the company that comes up with a vaccine and then give it to the rest of the world.
Not enough.
Even if everything goes well, a trial will take anywhere between 15 and maybe 35 million (ball park, there is actually virtually no upper limit.) Even with vaccines with high probability of success (think annual flu vaccine updates) less than 10% actually get to market, causing the average cost of development of a vaccine reaching market of a far better researched disease (flu) and with far more developed technique to cost 200-500 million, pretty much every year. This isn’t even counting the billions of dollars companies have spent recently on startups with promising anti-viral/vaccine development technologies, some of which were specifically being applied to the flu.
Moderna is basically getting 483 million to accelerate development. We have no reason to believe their probability of success is dramatically higher than typical vaccine candidates in the past.
I am not arguing they shouldn’t have gotten the money. I said very early on that new technologies have enabled rapid development of vaccine candidates and it is possible to get vaccines out to the masses by the end of the year. Moderna is part of that.
I am saying we need to fund more candidates. If we want reasonable probability of success at getting a vaccine ready this year, we are talking billions, maybe tens of billions, of dollars to tens of promising candidates from established pharmaceutical companies, not half a billion to a single firm that has never gotten a product to market.
That’s still not enough. In addition to the billions of dollars we need to spend on failed candidates’ R&D trials, we will need to “waste” billions more ramping up mass production of candidates that end up failing.
These are trivially small costs relative to what Covid-19 is doing but we apparently don’t have the necessary leadership to make it happen. What we are doing isn’t that much different than betting on hard 12 on a craps table thinking it’s the cheapest and fastest way to get rich.
Last edited by grizy; 05-20-2020 at 10:31 AM.