The U.S. government is spending over $5 billion on an effort to speed up the development of new COVID-19 vaccines and treatments, a Department of Health and Human Services (HHS) spokesperson and a Biden administration official said on Monday.
The investment, dubbed "Project NextGen" and first announced by White House and HHS officials in an interview with the Washington Post, aims to provide better protection from coronaviruses, including the one that causes COVID-19, that might become future threats.
"New variants and loss of immunity over time could continue to challenge our healthcare systems in the coming years." "Project NextGen will accelerate and streamline the rapid development of the next generation of vaccines and treatments through public-private collaborations," said the administration official.
The project, set to be based at HHS, will coordinate across the government and with the private sector on advancing a pipeline of new vaccines and treatments, the HHS spokesperson said. It will cover all phases of development from lab research and clinical trials to delivery.
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