The news that Pfizer has reported better than 90% efficacy in its vaccine should be the lead news on every broadcast and the headline on every paper, but that has to wait until the MSM can be sure President Trump gets no credit.
The truth is that Operation Warp Speed is a triumph over COVID and future diseases that should ensure Trump’s place in history, but we can’t have that.
Development of vaccines and therapeutics has often taken a decade or more, largely because of the adverse incentives inherent in the FDA approval process.
Development of novel vaccines and therapeutics is enormously expensive, and every bit as risky. A developer could spend billions only to have its product fail in Phase 3 testing, or just as bad, get approval a few months after another competitor’s. product There is no trophy for second place.
Operation Warp Speed was conceived last September, long before COVID came along, to provide incentives for the private sector eliminate much of that risk. By pre-purchasing large lots of the promising candidates, regardless of whether or when they reach approval, the regulatory risk was lifted from the private sector and every lab capable of the rapid innovation and production stepped up. Pfizer will have 100 million doses ready for use in the US as soon as the FDA issues an Emergency Use Authorization.
The same is true of three other vaccines and innovative therapeutics. They are ready to go as soon as the FDA gets out of the way. This absolutely would not have happened absent the incentives of Operation Warp Speed.
So, if Biden steps into office with COVID just an ugly shadow in the rear view, and a booming recovery from the COVID recession, he should have the decency to thank Trump.
I won’t hold my breath.