Economics

International Pandemic fund needs much more money --World Bank

Tue, 2023-03-07 10:54 — mike kraft

Pandemic fund vastly oversubscribed, more money needed - World Bank More than 100 low- and middle-income countries have put in early bids for at least $5.5 billion from a fund that initially has only $300 million to spend to help them better prepare for pandemics. Jennifer Rigby Reuters

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Billions of dollars and 35 years of US investment in research led to development of mRNA COVID vaccines --study

Fri, 2023-03-03 10:35 — mike kraft

35 years of US investment in research led to development of mRNA COVID vaccines CIDRAP

In the three decades leading up to the pandemic, the US government invested $31.9 billion in research that supported the development of mRNA COVID-19 vaccines in 2020, $337 million of which was invested before the pandemic, finds a Brigham and Women's–led study published yesterday in The BMJ. ...

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Biden administration to seek $1.6B funding to counter pandemic fraud

Thu, 2023-03-02 09:58 — mike kraft

Biden pushes for $1.6B funding for pandemic fraud measures President Joe Biden's administration is asking Congress to approve more than $1.6 billion to help clean up the mess of fraud against the massive government coronavirus pandemic relief programs . AP NEWS

...In a strategy announced Thursday, the administration called for money and more time to prosecute cases, to put into place new ways to prevent identity theft and to help people whose identities were stolen. ..

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U.S. FDA cleares the first home flu and Covid test — but its maker just declared bankruptcy

Mon, 2023-02-27 10:33 — mike kraft

The FDA has cleared the first home flu and Covid test — but its maker just declared bankruptcy The FDA's authorization of the first at-home test that can detect flu and Covid-19 came just days after the test's maker, Lucira, filed for bankruptcy. Brittany Trang STAT

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Update: Canada increases healthcare budget, Australia expads 5th Covid shot rollout

Wed, 2023-02-08 12:46 — mike kraft

Canada pledges C$46.2 bln in new funding to fix strained healthcare system Canada's federal government will provide an additional C$46.2 billion ($34.4 billion) in new funding for the country's public healthcare system over 10 years, it said on Tuesday following a meeting with its provincial and territorial counterparts to hammer out a deal to fix the overburdened system. Ismail Shakil,Anna Mehler Paperny Reuters

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Vaccine Makers Kept $1.4 Billion in Prepayments for Canceled Covid Shots for Poor Countries --NYTimes

Thu, 2023-02-02 10:54 — mike kraft

As global demand for Covid-19 vaccines dries up, the program responsible for vaccinating the world’s poor has been urgently negotiating to try to get out of its deals with pharmaceutical companies for shots it no longer needs.

Drug companies have so far declined to refund $1.4 billion in advance payments for now-canceled doses, according to confidential documents obtained by The New York Times.

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