US government secures access to 100 million more doses of Moderna's Covid-19 vaccine

Vials labelled "Covid-19 Coronavirus Vaccine" are placed on dry ice in this illustration taken, December 4, 2020.
Vials labelled "Covid-19 Coronavirus Vaccine" are placed on dry ice in this illustration taken, December 4, 2020.
Image: REUTERS/Dado Ruvic/Illustration/File Photo

Moderna Inc said on Friday the US government will get an additional 100 million doses of its Covid-19 vaccine candidate, expected to be delivered in the second quarter of 2021 if authorised.

Shares of the company were up 2.8% at $161.30 after the bell.

The government has ordered a total of 200 million doses till date, the vaccine developer said, adding that of first order lot, about 20 million doses will be delivered by December end and the remaining in the first quarter of 2021.

The US in August entered an agreement with Moderna to acquire 100 million doses of its potential Covid-19 vaccine for about $1.5 billion, with an option to secure an additional 400 million doses.

A panel of outside advisers to the US Food and Drug Administration is scheduled to hold a meeting on December 17 to discuss Moderna's request for emergency use authorisation (EUA) for its vaccine.

Meanwhile, the FDA is expected to issue an EUA for Pfizer Inc and partner Biotech SE's two-dose Covid-19 vaccine as soon as Friday, according to the New York Times.

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