There were some government funded and philanthropic (gates I think) backstops, essentially guarantees of paying for losses if manufacturing before knowing if it worked turned out bad. There should have been more and faster, as pointed out by Cowen.
There were some government funded and philanthropic (gates I think) backstops, essentially guarantees of paying for losses if manufacturing before knowing if it worked turned out bad. There should have been more and faster, as pointed out by Cowen.