...
...
Next Story

Moderna signs deal for providing 1 billion Covid-19 doses a year

The agreement is one of several partnerships being struck between drugmakers as they rush to bring protection against Covid-19 to the market.

Published on: May 1, 2020, 14:13:35 IST
By
Prefer HTon Google
Advertisement

Moderna Inc., one of the leaders among US companies developing experimental vaccines against the coronavirus, entered a pact with Lonza Group AG aimed at manufacturing 1 billion doses a year.

Moderna has signed up for providing 1 billion doses of Covid-19 vaccines per year. (Facebook)
Moderna has signed up for providing 1 billion doses of Covid-19 vaccines per year. (Facebook)

The companies announced a global agreement under which the Swiss chemical and pharmaceutical company will ramp up output of the proposed vaccine, which is based on a novel technology that relies on genetic material called mRNA. They expect the first batches to be produced in the US in July.

The agreement is one of several partnerships being struck between drugmakers as they rush to bring protection against Covid-19 to the market. On Thursday, AstraZeneca Plc announced an agreement to make an experimental coronavirus vaccine developed by the University of Oxford, eyeing production capacity for 100 million doses by the end of the year.

Click here for the complete coverage of the Covid-19 pandemic

With dozens of projects under way around the world, the Trump administration wants to make shots available for Americans by the end of 2020. Richard Hatchett, head of the Oslo-based Coalition for Epidemic Preparedness Innovations, has said cooperation between drugmakers could accelerate the process of bringing out a vaccine, which normally would take a year or more.

New Technology

Moderna’s experimental shot induces the body’s own cells to make virus-like proteins that stimulate an immune response and prepare for an actual infection. It was one of the first proposed coronavirus vaccines to enter human trials. The company said it plans to begin the next phase of studies this quarter.

Click here for the latest updates from the coronavirus outbreak

The pact with Lonza will enable a tenfold increase in manufacturing, which Moderna has already begun, according to a statement.

Shares of Moderna, which is based in Cambridge, Massachusetts, have more than doubled since the start of the year as its studies of its vaccine candidate have advanced.

The smaller players in the race won’t be able to produce a vaccine in large quantities on their own. Inovio Pharmaceuticals Inc., another US biotech company in the first stage of testing an experimental vaccine, said Thursday that it agreed to expand a manufacturing collaboration with Germany’s Richter-Helm Biologics.

A partnership between Sanofi and GlaxoSmithKline Plc announced last month brought together a pair of pharmaceutical giants with manufacturing might. Sanofi will test its experimental coronavirus vaccine with Glaxo supplying so-called adjuvants, additional ingredients that improve efficacy and make it easier to produce shots in larger quantities.

 
Get the latest World News, breaking headlines and global updates from the US, UK, Pakistan, Bangladesh, Russia and other countries. Follow major international events on Hindustan Times.
Get the latest World News, breaking headlines and global updates from the US, UK, Pakistan, Bangladesh, Russia and other countries. Follow major international events on Hindustan Times.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe