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Decline signed order

dr gottlieb the new york times says that uh the white house passed up on an opportunity to sign up to get more vaccinations and that as a result after the first 20 million we're not going to get more until june or july the white house says that's not true you're on the pfizer board what is true well it's a hundred million that the what that the administration signed an option for so 20 million this month and then there'll be more doses coming um in the first quarter effectively that 100 million agreement that the united states government struck with fisa will run through the first quarter so that will be pfizer's u.s supply for the first quarter going to the united states um just a little background here there's two manufacturing facilities that are making this vaccine for pfizer one is their facility in europe another is a facility in michigan all of the available supply coming out of that michigan facility will be going to the united states for the first quarter for the month of december in the first quarter of 2021 and some of the european supplies actually coming into the u.s to satisfy that contract that contract just by way of background was an option agreement so the government didn't agree to purchase actually purchase the vaccines in advance what they said was if the vaccines demonstrated to be safe and effective it's if it gets authorized by fda we will agree to buy a hundred million units of it at us at an agreement price so it wasn't actually a purchase agreement it was an option agreement if you want to think about it um in that lexicon pfizer did offer um an additional allotment coming out of that plant basically the second quarter allotment to the united states government multiple times and as recently as after the interim data came out and we knew this vaccine looked to be effective i think that the government made a bet that they are going to option or advance purchase vaccines from multiple manufacturers they have agreements now with five or six manufacturers for about 100 million doses each manufacturer they want to spread those bets i think they're betting that more than one vaccine is going to get authorized and there'll be more vaccines on the market and that perhaps could be why they didn't take up that additional 100 million option agreement which really wouldn't have required necessarily them to front money it was just an agreement that they would purchase those vaccines so pfizer has gone ahead and and um entered into some agreements with other countries to sell them some of that vaccine in the second quarter of 2021. doctor two things first would you suggest that that was a mistake by the administration and two the president today is planning to sign an executive order uh seeking to effectively compel companies like pfizer to allocate more and prioritize more vaccines for u.s citizens can they do that well look i don't know what the legal authorities are i suspect that there are authorities that the administration could invoke that would break um some agreements that pfizer or other companies might have struck with other countries but bear in mind the countries that the vaccine was sold to our close allies there is supply from that plant that's going to come into the united states in the second quarter it's just not all the supply that's going to come into the united states in the second quarter some of it was promised to other countries after it was offered multiple times to the united states i suspect they could step in and break those agreements but they're our allies and we also need to remember this is a global supply chain so the united states for its production is dependent upon some material that's coming in from other countries including the initial doses that we're going to get here in the united states if this does get authorized they're coming from the european facility so this really is a global supply chain so we we need to work closely with all of our allies where these materials are coming from but i suspect there might be things that the government could do we'll see what they end up doing shepard smith here thanks for watching cnbc on youtube