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Moderna, US in Covid-19 vaccine deal for up to $1.5 billion
It’s the latest in a string of supply deals reached to stockpile the most advanced vaccines in testing. Moderna shares gained 8.5% to $74.80 in late trading in New York.
Updated on: Aug 12, 2020, 03:51:41 IST
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Moderna Inc. reached a deal with the US to manufacture and distribute 100 million doses of its experimental vaccine for Covid-19, in a pact valued up to $1.5 billion, the company said Tuesday.
“I’m pleased to announce we’ve reached an agreement with Moderna to manufacture and deliver 100m doses of the coronavirus vaccine candidate,” President Donald Trump said at a White House briefing. “We’re on track to rapidly produce 100 million doses as soon as the vaccine is approved.”
It’s the latest in a string of supply deals reached to stockpile the most advanced vaccines in testing.
Moderna shares gained 8.5% to $74.80 in late trading in New York.
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