Coronavirus put US hospitals in bad financial shape: Cleveland Clinic CEO
Cleveland Clinic CEO and President Dr. Tom Mihaljevic argues the coronavirus has had a negative financial impact on hospitals, leading to health care workers getting laid off. He also said hospitals are a safe environment for care.
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Pharmaceutical giant Pfizer is aiming to have a coronavirus vaccine ready on an emergency use basis in the fall and full approval by the end of 2020, according to The Wall Street Journal.
Pfizer has partnered with German company BioNTech to test vaccine candidates in both the U.S. and Germany — testing has already begun in the latter country. Testing in the U.S. could begin next week if regulators give the go-ahead, Pfizer told The Journal.
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BioNTech has also partnered with Chinese company Fosun Pharma and plans to test the experimental vaccines there, according to a press release.
Pfizer is spending $500 million on coronavirus research and development and $150 million on preparing its ability to manufacture treatments, according to The Journal.