Biden admin touts $137M deal for COVID test strip factory the company says it will take 3 years to build

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Biden admin touts $137M deal for COVID test strip factory the company says it will take 3 years to build
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President Biden has inked a deal with pharmaceutical company Millipore Sigma to build a factory making materials for COVID-19 test strips over the next three years.

But the new facility will not start churning out the materials for three years, according to the company. If the timeline is correct, the deal will not alleviate the administration's scramble to make more tests available in the near future amid a lack of supply for Americans. The administration is under fire for reportedly rejecting a deal in October that would have strongly ramped up the supply of COVID tests.

U.S. President Joe Biden addresses the 76th Session of the U.N. General Assembly on September 21, 2021 at U.N. headquarters in New York City.

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