The United States Has Invested the Most in Covid-19 Vaccine Development

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Yosepha Pusparisa 07/05/2021 14:00 WIB

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The United States invested up to US$2.2 billion (approximately Rp 31.5 trillion) in the development of a Covid-19 vaccine. The majority of funding came from public sources, supplemented by philanthro

Investment Amount for COVID-19 Vaccine Research & Development (R&D)

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The United States Has Invested the Most in Covid-19 Vaccine Development

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Investment Amount for COVID-19 Vaccine Research & Development (R&D)

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The United States (US) is the largest investor in research and development of the Covid-19 coronavirus vaccine. The country has invested approximately US$2.2 billion, or Rp 31.5 trillion (using an exchange rate of Rp 14,300/USD), with the majority coming from public funds and philanthropy.

Germany follows, having invested US$1.5 billion in coronavirus vaccine research and development. Public funds are the sole source of financing from that country.

Western countries such as the United Kingdom, the European Union, Canada, and Norway follow, with vaccine development investments ranging from US$262 million to US$502 million. Like the US and Germany, the majority of investment from these countries comes from public funds.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."