The U.S. government agreed to a $1.74-billion deal for 66 million doses of Moderna’s COVID-19 vaccine, sending the company’s shares up three per cent
The U.S. government said on Friday it agreed to a $1.74-billion deal for 66 million doses of a Moderna Inc. COVID-19 vaccine updated for the Omicron subvariant for use in a fall and winter booster campaign, sending Moderna shares up three per cent.
COVID-19 infections in the United States have been on the rise as the BA.4 and BA.5 subvariants of the Omicron variant have spread to account for more than 90 per cent of U.S. infections, according the U.S. Centers for Disease Control and Prevention. The U.S. Food and Drug Administration in June recommended that vaccine manufacturers target these subvariants for a potential fall season booster dose in a bivalent vaccine that also includes the original strain.
“As we look to the fall and winter … we are ensuring Americans have the tools they need to stay safe and help keep our nation moving forward,” U.S. Department of Health and Human Services Secretary Xavier Becerra said in a statement.
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