Moderna has reported a drastic fall in sales of its Covid shots in the government-backed market.
Both companies are now looking toward an autumn vaccination campaign using updated shots targeting the XBB.1.5 Omicron sub-variant of the coronavirus, and with a significantly higher price than they had charged governments.Moderna said it expects US demand for the shots will reach 50 to 100 million doses in the fall season, saying that forecast was based on the size of the flu market, which Moderna estimates at 150 million doses annually in the US.
Moderna said US$1 billion in anticipated vaccine sales to governments this year had been deferred to next year.
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