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The financial situation in the world is expected to make a major turn sometime around October. That’s when the “Western” vaccines are projected to complete their final trials and be approved for the market.
Russia has already declared its vaccine as a success and authorized its use. However, this is only on the basis of the equivalent of a Phase II trial for vaccines being developed by AstraZeneca, Pfizer, and Moderna.
Phase III is a study of the vaccine as thousands of people are administered the vaccine. It would show the real-world effectiveness and potential major side effects.
In the meantime, the US (and other countries) have been building up production capacity for the in-development vaccines, under a program called “Operation Warp-Speed”.
The idea is to start mass production of vaccines so millions can be produced each month. A target of over 400 million is to be available by the end of the year.
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