Biden Team to Buy 10 Million Courses of Pfizer Covid Pill (1)

The Biden administration plans to buy enough of Pfizer Inc.’s new Covid-19 pill to treat 10 million patients, people familiar with the matter say.

Pfizer’s pill to treat the disease caused by the coronavirus showed extraordinary results in a clinical trial, reducing hospitalization and death by 89% among high-risk Covid-19 patients. The company said Tuesday it asked the U.S. Food and Drug Administration for emergency-use authorization for the pill, administered twice a day for five days.

The administration has also ordered about 3.1 million courses of a pill from Merck & Co., and has an option in its ...