Business > U.S.

Moderna reaches $1.5B deal with feds to make 100 million coronavirus vaccine doses

1 month ago   |   By Boston Herald

Cambridge-based biotech company Moderna struck a $1.5 billion deal with the government to make and deliver 100 million doses of its coronavirus vaccine that is currently in the midst of a Phase 3 trial, the company announced Wednesday.
“We appreciate the confidence of the U.S. government in our mRNA vaccine platform and the continued support,” said Stephane Bancel, Moderna's chief executive officer. “We are advancing the clinical development of mRNA-1273 with the ongoing Phase 3 study being conducted in collaboration with NIAID and BARDA.”
The $1.525 billion dollar deal is for the...
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Dow rises 270 points as investors react to encouraging vaccine news

Dow rises 270 points as investors react to encouraging vaccine news

1 month ago   |   By Business Insider

US stocks rose Wednesday as investors reacted to positive coronavirus vaccine news.
Shares of Moderna spiked after President Trump announced the US government will by 100 million doses of its coronavirus vaccine.
Tesla shares gained after the company announced a five-for-one stock split.
Oil prices climbed after a report suggested that American crude stockpiles shrank last week.
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Why one Wall Street analyst is becoming more bearish on Moderna, even as the stock surges on a $1.5 billion contract for its coronavirus vaccine

Why one Wall Street analyst is becoming more bearish on Moderna, even as the stock surges on a $1.5 billion contract for its coronavirus vaccine

1 month ago   |   By Business Insider

The US government has agreed to pay $15.25 per dose for Moderna's coronavirus vaccine candidate.
The Massachusetts biotech saw its stock jump as much as 10% before markets opened Wednesday, reacting to the $1.5 billion deal.
But one Wall Street analyst says the deal confirms the long-term risk in the coronavirus vaccine market.
SVB Leerink analyst Mani Foroohar lowered his price target Wednesday on Moderna from $60 to $58, predicting the vaccine market will face intense competition.
Visit Business Insider's homepage for more stories .
Moderna announced Tuesday evening a $1.5 billion deal...
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Moderna surges 11% after Trump says US government reached deal for 100 million doses of its coronavirus vaccine

Moderna surges 11% after Trump says US government reached deal for 100 million doses of its coronavirus vaccine

1 month ago   |   By Business Insider

President Donald Trump on Tuesday announced that the US government reached a deal with Moderna for 100 million doses of its coronavirus vaccine candidate.
Shares of Moderna spiked as much as 11% in premarket trading Wednesday.
The company separately announced the deal is worth $1.53 billion and gives the government the option to purchase up to 400 million additional doses of its coronavirus vaccine candidate.
Watch Moderna trade live on Markets Insider .
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