US to create clearinghouse of medical supplies to help other countries fight COVID
- Along with other countries, the Biden administration will set up a clearinghouse of medical supplies as well as therapeutic drugs to help other nations fight COVID-19, Bloomberg reported.
- The formal announcement is set to happen later today in New York at the Global Action Plan on COVID-19 at the United Nations General Assembly.
- Part of the effort will be to expand a a “test-to-treat” program currently operational in 10 countries that provides drugs to treat COVID-19. These medicines include Pfizer’s ( NYSE: PFE ) Paxlovid and Merck’s ( NYSE: MRK ) molnupiravir.
- The medical supplies to be provided include masks and oxygen.
- COVID-19 vaccine makers: BioNTech ( BNTX ), Moderna ( NASDAQ: MRNA ), and Novavax ( NASDAQ: NVAX ).
- Yesterday, the US government said it was cutting back on the number of Pfizer ( PFE ) COVID vaccines it would donate to other countries due to declining demand.
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