Moderna Plans to Raise Coronavirus Vaccine Doses up to 3 Billion by 2022

Moderna Plans to Raise Coronavirus Vaccine Doses up to 3 Billion by 2022

Moderna is funding plans to raise the global supply of COVID-19 vaccine to 3 billion doses by 2022, according to the company’s press release.  The company has also raised its 2021 supply forecast to the range of 800 million and 1 billion doses.

Moderna’s decision reflects an expected increased requirement for booster vaccinations in the future.

The drugmaker announced developments for a vaccine that can be stored in alternative formats and can support a 3-month shelf life in refrigerators.

Moderna is also working on a next-generation vaccine whose shelf life can be extended even further.Moderna stock is currently gaining. MRNA: NASDAQ is up 1.94% on premarket.

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