[lamontcg]

> Now picture what would have happened if we had been willing to do challenge trials early on for COVID.

Nothing significant would have changed. For example, on July 22, 2020 HHS announced $1.95B in funds for Pfizer for large scale manufacturing and distribution of 100 million doses of their vaccine. On Nov 18, 2020 the phase 3 clinical trials were completed. We didn't wait to know that they worked or not to start ordering the doses. It still took until April or so of 2021 to get that manufacturing and distribution completed because we'd never made nanoparticle vaccines commercially before at all and distribution itself was hard once we had the doses.