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8/11/2020, 11:48 PM (Source: TeleTrader)
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US reaches $1.5B vaccine deal with Moderna - Trump

United States President Donald Trump announced on Tuesday the country has reached a $1.5 billion worth agreement with biotech company Moderna Inc. for doses of its COVID-19 vaccine, as part of Operation Warp Speed program.

Trought the deal, the US is set to obtain 100 million doses as soon the final-stage testing of the company’s vaccine candidate is finalized with an additional 500 million expected to follow soon afterward. The president noted, once acquired, the doses will be in possession of the federal government to distribute to the American people.

Moderna's stocks surged 12.15% in the after-hours trading following Trump's announcement, selling for $77.29 per share.

Breaking the News / NL