Moderna Inc (MRNA)

[Billydakidd]

Moderna Inc.

A front-runner in the race to a coronavirus vaccine has new backing from Uncle Sam. Moderna said late Tuesday that it agreed to provide the U.S. government 100 million doses of its experimental coronavirus vaccine in exchange for more than $1.5 billion. The government will provide Moderna's vaccine to people in the U.S. free of charge and have the option to purchase up to an additional 400 million doses, according to the company. Moderna's vaccine is among the most advanced in development, and is being evaluated in a 30,000-person late-stage study. Public-health officials have said they may learn in November or December whether the Moderna vaccine works. Moderna shares added 0.8% Wednesday.