US govt boosts Moderna Covid-19 vaccine contract to $1.25bn

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Moderna Inc has said that the US government has agreed to increase the contract for the company's Covid-19 vaccine by $236 million to roughly $1.25 billion, to include additional costs related to the shot's studies.

Reuters reported that the company and the Biomedical Advanced Research and Development Authority had initially signed a $483m deal for the vaccine in July last year, which was later increased to about $1bn.

Vials with a sticker reading, "Covid-19 / Coronavirus vaccine / Injection only" and a medical syringe are seen in front of a displayed Moderna logo. — Reuters/File
Vials with a sticker reading, "Covid-19 / Coronavirus vaccine / Injection only" and a medical syringe are seen in front of a displayed Moderna logo. — Reuters/File

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