The UK Government has committed to providing £84m in funding and manufacturing support to researchers working on Covid-19 vaccine programme, said Business Secretary Alok Sharma.
Of the total funding, £65.5m is for the Covid-19 vaccine being developed at the University of Oxford and the remaining £18.5m for Imperial College London.
Meanwhile, Oxford University signed a global licensing agreement with AstraZeneca for the manufacturing and commercialisation of their vaccine candidate.
If the vaccine is successful, AstraZeneca will produce up to 30 million doses by September for people in the UK. The agreement is for the pharmaceutical company to deliver a total of 100 million doses.