Replies to post #233797 on Biotech Values

[DewDiligence]

Correct—the US government order for PFE/BNTX's vaccine is contingent on the FDA’s granting an EUA.

[miljenko]

I was under the impression that Governments around the world are only buying an option to get first choice

Part of the found is non-refundable up-front (start-up expense), and part is as *option* (future).
Real data (distribution) are hidden, but one not need to be prophet to figure out distribution pattern.