Pfizer Inc. and BioNTech SE said Wednesday they have signed a $1.95 billion agreement with the U.S. Department of Health and Human Services and the Defense Department to secure hundreds of millions of doses of a coronavirus vaccine which Americans would receive for free.

Under the agreement, the U.S. government would receive 100 million doses of BNT162, the Covid-19 vaccine candidate jointly developed by Pfizer and BioNTech, and can acquire up to 500 million additional doses. Pfizer would make the vaccine.

Read More