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It’s called Operation Warp Speed. And — regardless of one’s politics, one’s level of concern about Covid-19, or one’s views of therapeutics and vaccines — it inarguably ranks as one of the most ambitious scientific endeavors in modern U.S. history.

Is it working?

Roughly five months after top U.S. health officials coalesced around the idea of a public-private effort to accelerate the development, manufacturing, and distribution of Covid-19 vaccines, therapeutics, and diagnostics, an answer to that question remains out of reach. But with billions of federal dollars already spent on the effort, it’s possible to take stock of the initiative’s progress, or lack thereof.

Image: ALEX HOGAN/STAT