US to Pay Eli Lilly $375 Million for 300,000 Vials of Experimental COVID-19 Antibody Drug

US to Pay Eli Lilly $375 Million for 300,000 Vials of Experimental COVID-19 Antibody Drug
The Eli Lilly logo is shown on one of the company's offices in San Diego, Calif., on Sept. 17, 2020. Mike Blake/Reuters
Bill Pan
Bill Pan
Reporter
|Updated:

The U.S. government will pay Eli Lilly $375 million to secure an initial supply of 300,000 vials of bamlanivimab, the pharma company’s experimental COVID-19 drug pending emergency approval by the Food and Drug Administration (FDA).

Eli Lilly on Wednesday announced the deal, adding that it expects to manufacture 1 million doses of bamlanivimab by the end of year, with 100,000 doses ready to ship for use around the world soon after authorization.
Bill Pan
Bill Pan
Reporter
Bill Pan is an Epoch Times reporter covering education issues and New York news.
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