The Biden administration is launching an initiative in excess of $5 billion to speed up the development of new vaccines and treatments for COVID-19 and other coronaviruses that could pose a future threat.
The news comes the same day that President Joe Biden signed a measure to end the COVID-19 national emergency.
“Building on the work the Administration has accomplished over the last few years and to stay ahead of the rapidly evolving virus that causes COVID-19, Project NextGen will accelerate and streamline the rapid development of next generation of vaccines and treatments through public-private collaborations,” a senior administration official told The Epoch Times in an emailed statement.