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

Published
0

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

Opinion

Editorial

After the talks
Updated 05 Oct, 2026

After the talks

The question of where it ends up, though, will cause stress to the federal government.
Child safety online
05 Oct, 2026

Child safety online

PAKISTANI children are spending more of their lives online, but the safeguards around them are not keeping pace. A...
Rising public debt
05 Oct, 2026

Rising public debt

PAKISTAN’S public debt has surged by 76pc to Rs86.7tr in four years, according to a new government report. Though...
Yemen offensive
Updated 04 Oct, 2026

Yemen offensive

The best option, therefore, is for Muslim and Arab states to help restore the Saudi-Houthi ceasefire.
Growth transition
04 Oct, 2026

Growth transition

PRIME Minister Shehbaz Sharif’s recent call to move from stabilisation to growth, job creation and export ...
Protection at risk
04 Oct, 2026

Protection at risk

THE recent warning from UNHCR should alarm donor governments. Nearly 8.3m refugees and other forcibly displaced...