U.S. inks $1.5 billion deal with Moderna for 100 million doses of COVID-19 vaccine

The United States has entered an agreement with drugmaker Moderna Inc to acquire 100 million doses of its potential COVID-19 vaccine for around $1.5 billion, the company and White House said on Tuesday.


Reuters | Updated: 12-08-2020 04:22 IST | Created: 12-08-2020 04:22 IST
U.S. inks $1.5 billion deal with Moderna for 100 million doses of COVID-19 vaccine

The United States has entered an agreement with drugmaker Moderna Inc to acquire 100 million doses of its potential COVID-19 vaccine for around $1.5 billion, the company and White House said on Tuesday. The United States in recent weeks has made deals to acquire hundreds of millions of doses of potential COVID-19 vaccines from several companies as part of its Operation Warp Speed program, which aims to deliver a vaccine in the country by the end of the year.

Moderna's price per dose comes out to around $30.50 per person for a two dose regimen. That is broadly in line with other deals that the United States has penned with drugmakers for potential vaccines. Moderna's vaccine candidate, mRNA-1273, is one of the few that have already advanced to the final stage of testing. The study, which aims to include 30,000 people, is on track to be completed in September, the company said this month.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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