Covid-19 Outbreak

The Countries Funding Covid-19 Vaccine R&D

The United States has declared its support for World Trade Organization proposals to temporarily lift intellectual property protections for Covid-19 vaccines. In a written statement, U.S. trade representative Katherine Tai said that "this is a global health crisis" and that "the extraordinary circumstances of the Covid-19 pandemic call for extraordinary measures". The U.S. stance has not been welcomed by pharmaceutical companies who claim it will not ease supply bottlenecks and only serve to stifle innovation.

Proponents of the patent waiver have pointed out that vaccine manufacturers have been dependent on huge amounts of public funding to develop their shots and that their success should be shared with developing countries. According to data from the Knowledge Portal on Innovation and Access to Medicines, $5.9 billion in R&D investment was tracked up to March 2021, 98.1 percent of which was from public funding.

The United States and Germany are the top sources for R&D investment, putting some $2 billion and $1.5 billion into development, respectively. The United Kingdom comes third on the funding list with just over $500 million while the EU has invested around $327 million. Even though the lion's share of investment in the U.S. used public funding, some $2.17 billion, at least $62 million of philanthropy dollars have also been donated.

Description

This chart shows the top sources of Covid-19 vaccine funding as of March 2021 (in U.S. dollars).

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BARDA funding for the development of COVID-19 vaccines in the United States as of March 2021 (in million U.S. dollars)
Total vaccine-related funding by the National Institutes of Health (NIH) from FY 2013 to FY 2025 (in million U.S. dollars)
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Venture capital funding in countries with highest COVID-19 case numbers worldwide in H1 2018 and 2019 and H1 2020 (in billion U.S. dollars)
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Global funding on mRNA therapeutics and vaccines from 2015 to 2020 (in million U.S.dollars)
Research and development funding in pharmaceutical businesses in the United Kingdom (UK) in 2020, by source (in million GBP)
Leading companies based on global vaccine revenue in 2021 (in billion U.S. dollars)

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