Vaccine watch: Where things stand in the race for a vaccine

ABC News’ Bob Woodruff reports on new developments in the push for a COVID-19 vaccine by the end of 2020, speaking with the CEO of Novavax on their efforts.
2:47 | 07/09/20

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Transcript for Vaccine watch: Where things stand in the race for a vaccine
Many are certainly putting their hope. In a pandemic coming to an end with a vaccine they're pharmaceutical companies across the globe that are now working feverishly to make that happen but. If a vaccine is actually found in the coming months that would be unprecedented. Typically the process takes years student government oversight but a new launch program called operation warp speed. Is spending billions of dollars to safely speed up the process tonight our Bob Woodruff begins our weekly series with a look at. Where things stand she speaks with the CEO of the company who hopes to have a vaccine. By the end of the year. The race to develop a covad nineteen vaccine is accelerating of the four vaccine companies to receive money from the government's new so called operation warp speed. This week over backs became the highest funded one point six billion dollars. Now the experts who argue it's going which is getting into human clinical trials were trying to scale up. From very small scale production in two large scale production. To be able to make a hundred million dose who was starting by the end of this year those hundred million doses. Will be produced before the company knows the vaccine is safe and effective. A huge financial risk but nova vax has worked on corona virus vaccines for stars and Merz in the past. As well as a vaccine for a bowl and why was your company chosen for the us. We've been making. Vaccines for. Infections emerging infectious seasons since I've been their for the last decade. So our technology is this a bit different from most are there. There are no guarantees but noble backs and others are optimistic there will be a viable vaccine possibly by the end of this year if the teachers out to be a period station good backseat. When do you think we wouldn't get. The chance to take it. I think we expect to have vaccine available Proust. And on the show we'll somewhere house by the fourth quarter of this year the first people to get it going to be the front line health care workers. And don't get the first fifty million to ocean or government dosage middle orchestra without people who work or motion relished and loved getting seriously ill. Another recipient of operation warp speed fonds maternal acknowledge that there have been differences of opinion with the US government. Despite that both the US government and the journal agree that its vaccine is advancing faster than any in modern history. Paterno says it's on track to deliver 500 million doses of its vaccine and 2021. This is Bob would. Tracking the race for a vaccine.

This transcript has been automatically generated and may not be 100% accurate.

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