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Moderna improves forecast for 2022 sales from Covid-19 vaccine

Moderna Inc said it expected to record sales of about $18.5 billion in 2022 from contracts for its COVID vaccine, and about $3.5 billion from additional purchases including booster.

Moderna Covid-19 vaccine
Reuters
1 min read Last Updated : Jan 10 2022 | 6:45 PM IST

(Reuters) -Moderna Inc said on Monday it expected to record sales of about $18.5 billion in 2022 from contracts for its COVID-19 vaccine, and about $3.5 billion from potential additional purchases including booster candidates updated for variants.

The company in November said its sales could be in the range of $17 billion to $22 billion in 2022.

Moderna said it was in active discussions for additional COVID-19 vaccine contracts this year.

The company also said it was developing a booster vaccine candidate, called mRNA-1273.529, that targets the fast-spreading Omicron variant and expects it to advance into clinical trials in early 2022.

Booster doses of the company's current COVID-19 vaccine, mRNA-1273, increased neutralizing antibody levels against Omicron at both 50 microgram and 100 microgram dose levels, the drugmaker said.

(Reporting by Manojna Maddipatla in Bengaluru; Editing by Shinjini Ganguli)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :CoronavirusCoronavirus VaccineCoronavirus Tests

First Published: Jan 10 2022 | 6:45 PM IST

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