Moderna increases minimum 2021 Covid vaccine production by 20% to 600 million doses

Moderna is rising its Covid-19 vaccine production this yr, upping the minimum variety of doses it expects to make by 20% to 600 million, the corporate introduced Monday.

The firm mentioned it's working to produce up to 1 billion doses of its Covid-19 vaccine this yr. The U.S. is on monitor to safe 100 million doses of Moderna's vaccine by the tip of March and extra 100 million by June, the Massachusetts-based firm mentioned in a press release.

The U.S. Food and Drug Administration granted Moderna's Covid-19 vaccine emergency authorization for individuals 18 and older the United States in December and has began the drug's preliminary roll-out.

The federal authorities has agreed to purchase 200 million doses of Moderna's vaccine with the choice to safe an extra 300 million doses, the corporate mentioned.

This is a growing story. Please examine again later for updates.

based mostly on website supplies www.cnbc.com

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