U.S. President trump announced on Tuesday an agreement with Moderna to purchase 100 million doses of vaccine. The U.S. government will purchase 100 million doses of Moderna experimental new coronavirus vaccine, which is currently in late human trials.
Moderna said its vaccine mrna-1273 was worth $1.525 billion, and the agreement would give the federal government the option to purchase up to 400 million additional doses. In a news release on Tuesday, the company said the U.S. government has invested $955 million to develop a Moderna vaccine, bringing the total investment to $2.48 billion.
the US government’s deal with Moderna follows similar agreements with pharmaceutical giants Pfizer and Johnson on potential new coronavirus vaccines.
Moderna shares rose nearly 12% after the news, and the company fell 4.22% to $68.97 on Tuesday.