TMO - Biden $65B pandemic preparedness initiative could benefit multiple health care industries

On Friday, President Biden unveiled plans for a $65B pandemic preparedness initiative that will likely benefit companies engaged in making vaccines, antivirals, and personal protective equipment ("PPE"). The initiative has five pillars: 1) transforming our medical defenses; 2) ensuring situational awareness; 3) strengthening public health systems; 4) building core capabilities; and 5) managing the mission. The first pillar is the one that could have the most significant impact on health care industries as a White House fact sheet specifically mentions it is focused on "dramatically improving and expanding our arsenal of vaccines, therapeutics, and diagnostics." It calls for the design, testing, and review of a safe and effective vaccine against any human virus within 100 days after the recognition of a potential emerging pandemic threat. In addition, production of enough vaccine should be enabled  for the entire United States population within 130 days of the threat. A range of therapeutics for

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Biden $65B pandemic preparedness initiative could benefit multiple health care industries