Benzinga | Sep 3, 2021 08:13AM EDT

White House Commits $3B To Boost COVID-19 Vaccine Supply Chain: Report

* The U.S. will invest $3 billion in the COVID-19 vaccine supply chain within the coming weeks, White House coronavirus response coordinator Jeff Zients said Thursday.

* The investment will allow manufacturers to add new production lines and facilities and fulfill President Biden's pledge to be the "arsenal of vaccines for the world," Zients said.

* Zients also added that focus areas include lipids, bioreactor bags, tubing, needles, syringes, and personal protective equipment.

* The White House has not yet selected specific companies to receive the funds.

* U.S. demand for COVID-19 vaccines remains high as the White House prepares to begin offering a third booster shot to Americans later this month, pending a regulator go ahead.

* Related Content: Biden's COVID-19 Booster Plan Faces Resistance From Medical Experts.

* In June, Officials announced that the Biden Administration plans to invest more than $3.2 billion for COVID-19 antiviral medicines.

* Related: Biden Administration Devotes Over $3.2B For Development Of Oral Antiviral Therapies For COVID-19.