Instant Report

Date: 16-Feb-2021

US Government Purchases Additional 100 Million Doses Of Modernas COVID-19 Vaccine

Moderna, Inc., (Nasdaq: MRNA) a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, announced that the U.S. government has purchased an additional 100 million doses of Moderna's COVID-19 Vaccine, bringing its confirmed order commitment to 300 million doses.

Moderna has supplied 41 million released doses of the vaccine to the U.S. government to date. More than 22 million Americans have received the Moderna COVID-19 Vaccine in the U.S., according to the U.S. Centers for Disease Control and Prevention1. Moderna remains on track to deliver the first 100 million doses in the first quarter of 2021 and the second order of 100 million doses in May 2021. Moderna is working with its domestic manufacturing partners and the U.S. FDA to continue to explore ways to accelerate delivery, with the goal of providing this new order of 100 million doses before the end of July 2021. Moderna will continue to leverage the Company's U.S.-based manufacturing infrastructure to supply the Moderna COVID-19 Vaccine to the U.S. government.

"We appreciate the confidence that the U.S. government has demonstrated in our COVID-19 Vaccine," said Stéphane Bancel, Chief Executive Officer of Moderna. "We continue to scale up our manufacturing capability, both in and outside of the United States. Our goal is to bring our vaccine to as many people as possible around the world to help end this pandemic. It is encouraging and humbling to know that more than 22 million Americans have already been protected with Moderna's vaccine."

 

Moderna's COVID-19 Vaccine Supply Agreements

Moderna has confirmed the following supply agreements of committed orders totaling more than 641.5 million doses:

  • United States: 300 million doses
  • European Union: 160 million doses
  • Japan: 50 million doses
  • Canada: 40 million doses
  • Republic of Korea: 40 million doses
  • Switzerland: 13.5 million doses
  • Colombia: 10 million doses
  • United Kingdom: 17 million doses
  • Israel: 6 million doses
  • Taiwan: 5 million doses
  • Singapore (undisclosed)
  • Qatar (undisclosed)
  • Other countries that have placed orders and have not been disclosed.

 

About the Moderna COVID-19 Vaccine

The Moderna COVID-19 Vaccine is an mRNA vaccine against COVID-19 encoding for a prefusion stabilized form of the Spike (S) protein, which was co-developed by Moderna and investigators from the National Institute of Allergy and Infectious Disease’s (NIAID) Vaccine Research Center. The first clinical batch, which was funded by the Coalition for Epidemic Preparedness Innovations, was completed on February 7, 2020 and underwent analytical testing; it was shipped to the National Institutes of Health (NIH) on February 24, 42 days from sequence selection. The first participant in the NIAID-led Phase 1 study of the Moderna COVID-19 Vaccine was dosed on March 16, 63 days from sequence selection to Phase 1 study dosing. On May 12, the U.S Food and Drug Administration granted the Moderna COVID-19 Vaccine Fast Track designation. On May 29, the first participants in each age cohort: adults ages 18-55 years (n=300) and older adults ages 55 years and above (n=300) were dosed in the Phase 2 study of the vaccine. On July 8, the Phase 2 study completed enrolment.