Moderna improves forecast for 2022 sales from COVID-19 vaccine

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The company also said it was developing a booster vaccine candidate, called mRNA-1273.529, that targets the fast-spreading Omicron variant and expects it to advance into clinical trials in early 2022.

Reuters

January 10, 2022 / 07:15 PM IST

A vial of the Moderna COVID-19 vaccine (Image Source: Reuters)

A vial of the Moderna COVID-19 vaccine (Image Source: Reuters)

Moderna Inc said on Monday it expected to record sales of about $ 18.5 billion in 2022 from contracts for its COVID-19 vaccine, and about $ 3.5 billion from potential additional purchases including booster candidates updated for variants.

The company in November said its sales could be in the range of $ 17 billion to $ 22 billion in 2022.

Moderna said it was in active discussions for additional COVID-19 vaccine contracts this year.

The company also said it was developing a booster vaccine candidate, called mRNA-1273.529, that targets the fast-spreading Omicron variant and expects it to advance into clinical trials in early 2022.

Booster doses of the company’s current COVID-19 vaccine, mRNA-1273, increased neutralizing antibody levels against Omicron at both 50 microgram and 100 microgram dose levels, the drugmaker said.