CBC News shows that Prime Minister Justin Trudeau has announced that the government will purchase 3 million more doses of the vaccine from Pfizer than originally planned and will also seek to strengthen the supply of Moderna through the United States, rather than Europe.
Pfizer Inc. is an American pharmaceutical multinational headquartered at 42nd Street in Manhattan, New York City. The company name commemorates its co-founder, Charles Pfizer (1824-1906). Pfizer develops and manufactures drugs and vaccines for immunology, oncology, cardiology, endocrinology and neurology. The company has several successful drugs or products that each generate more than $ 1 billion in annual revenue. In 2020, 52% of the company’s revenue came from the United States, 6% from China and Japan, and 36% from other countries.
Moderna, Inc. is an American pharmaceutical and biotechnology company headquartered in Cambridge, Massachusetts. It focuses on messenger RNA (mRNA) -based vaccine technologies. Moderna’s vaccine platform inserts nucleoside-modified synthetic messenger RNA (modRNA) into human cells using a coating of lipid nanoparticles. This mRNA then reprograms the cells to elicit immune responses. Moderna is developing therapeutic mRNA vaccines that are administered in lipid nanoparticles, using mRNA with pseudouridine nucleosides. Candidates are designed to have better folding and translation efficiency via insertional mutagenesis. The company’s only commercial product right now is the Moderna COVID-19 vaccine.