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Moderna Snares $483 Million U.S. Funding for Covid Vaccine [Yahoo! Finance News]

Moderna, Inc. (MRNA) 
Last moderna, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: marinabio.com/investor-relations
) -- Moderna Inc. said the U.S. government has agreed to pay as much as $483 million for the company to develop and test its Covid-19 vaccine now in an initial clinical trial.Under the agreement, the Biomedical Advanced Research and Development Authority, part of the U.S. Department of Health and Human Services, would fund development of the vaccine mRNA-1273 up through approval by the U.S. regulators, as well as efforts to scale up manufacturing, Moderna said in a press release.Moderna’s Covid-19 vaccine is one of the first to begin human trials. There are 70 vaccines in some stage of development now, the World Health Organization has said. Moderna said that if the trial is successful, it could reach final-stage testing by fall 2020.Vaccines give broad parts of the population some level of immunity to a disease, and are considered crucial to ending the pandemic by creating widespread immunity to the virus. They take longer to develop, in part because they must be proven to be extreme Show less Read more
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