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The COVAX initiative, worth $18 billion, is planning to administer COVID-19 vaccines to two-thirds of the world’s population by 2021. Sanofi and GalxoSmithKline have agreed to supply 2 million doses to the World Health Organization (WHO) of a vaccine they have been studying since early September. The companies hope to enter Phase III and eventually receive U.S. Food and Drug Administration (FDA) approval of the drug come 2021.

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