Head Topics

COVID-19: Moderna gets further $472 million U.S. award for coronavirus vaccine development

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 84%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

July 26 (Reuters) - Moderna Inc said on Sunday it has received an additional $472 million from the U.S. government's Biomedical Advanced Research and Development Authority (BARDA) to support development of its novel coronavirus vaccine.

The U.S.-based drug maker said the additional funding will support its late-stage clinical development including the expanded Phase 3 study of Moderna’s vaccine candidate.

“Encouraged by the Phase 1 data, we believe that our mRNA vaccine may aid in addressing the COVID-19 pandemic and preventing future outbreaks,” Chief Executive Officer Stéphane Bancel said in a press release. The vaccine uses synthetic messenger RNA to inoculate against the coronavirus. Such treatments help the body immunize against a virus and can potentially be developed and manufactured more quickly than traditional vaccines.

Moderna said it remains on track to be able to deliver about 500 million doses per year, and possibly up to 1 billion doses per year, beginning in 2021.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19: Morocco shuts down major cities after spike in coronavirus casesRABAT, July 26 (Reuters) - Morocco will stop people entering and leaving some of its biggest cities from midnight to contain a surge in COVID-19 cases, the interior and health Ministries said on Sunday.
Source: dailymaverick - 🏆 3. / 84 Read more »

The key to economic recovery? Public employment schemes – Ramaphosa | CitypressPresident Cyril Ramaphosa believes that, although the economic damage caused by the Covid-19 coronavirus has been “drastic”, the measures that have been put in place will help the economy recover.
Source: City_Press - 🏆 7. / 72 Read more »

KZN may not cope with Covid cases | CitypressWith more than 1 557 healthcare workers infected with the Covid-19 coronavirus, the expected peak in KwaZulu-Natal could be disastrous.
Source: City_Press - 🏆 7. / 72 Read more »

Sassa grant payments to start on 3 August with older personsSassa urged recipients not to withdraw their grants on the first day due to Covid-19.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Newly launched Kisby Fund aims to raise R5bn in funding for SMEsSPONSORED | Kisby Fund chairman Mark Barnes mark_barnes56 explains how he plans to help SA’s SMEs secure the funding they need to kick-start their contribution to the economy:
Source: BDliveSA - 🏆 12. / 63 Read more »

Afrimat proceeds with R116m dividend paymentGroup had delayed decision for its year to end-February due to Covid-19 uncertainty
Source: BDliveSA - 🏆 12. / 63 Read more »