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A Pfizer factory in Puurs, Belgiam on Dec. 3. Photo: Kenzo Tribouillard/AFP via Getty Images

Pfizer and BioNTech have halved their original estimates for how many coronavirus vaccines would be shipped globally by the end of this year, citing supply-chain issues, the Wall Street Journal first reported.

Why it matters: The U.K. government has ordered 40 million doses of Pfizer-BioNTech's vaccine — enough to inoculate some 20 million people. The companies now expect to ship 50 million vaccines by the end of 2020, per WSJ.

  • "Based on current projections we expect to produce globally up to 50 million vaccine doses in 2020 and up to 1.3 billion doses in 2021," Pfizer spokesperson Kim Bencker told Axios.

What they're saying: “[S]caling up a vaccine at this pace is unprecedented, and we have made significant progress as we have moved forwards in the unknown,” Bencker said. “And it’s important to highlight that the outcome of the clinical trial was somewhat later than the initial projection requiring us to focus additional efforts on clinical trial production."

  • Pfizer did not specify to the Journal what shortfalls over ingredients and raw materials — which were sourced from Europe and the U.S. — took place as production ramped up.

The big picture: The global race to develop a COVID vaccine, which has seen hundreds of candidates, has been one of the fastest in history. It usually takes more than 10 years for a vaccine to reach regulatory approval after its discovery.

Go deeper... Fauci: U.K. "rushed" through Pfizer vaccine approval

Go deeper

Jan 26, 2021 - Health

U.K. surpasses 100,000 COVID-19 deaths

Photo: Owen Humphreys/PA Images via Getty Images

The U.K. on Tuesday surpassed 100,000 coronavirus deaths almost a year after the first two cases were reported in the country, according to government figures.

Why it matters: It is the first European country and fifth country in the world to reach the threshold. The country reported 100,162 deaths on Tuesday.

Scammers have stolen over $130 million in coronavirus-related schemes

Photo: Chip Somodevilla/Getty Images

Over 100,000 Americans have collectively reported roughly $132 million in fraud losses from scams related to the coronavirus and government stimulus checks since the March start of the pandemic, according to the Federal Trade Commission.

Why it matters: Coronavirus-related fraud complaints peaked in May when the IRS began sending its first round of stimulus checks. Congress recently proposed a second round of stimulus.