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Moderna to spice up COVID-19 vaccine manufacturing at Massachusetts web site by 50% – MarketWatch

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Shares of Moderna Inc.
MRNA,
+4.03%

had been down 0.3% in premarket buying and selling on Tuesday after the corporate mentioned it should double the scale of its manufacturing house at its facility in Norwood, Mass., basically permitting for a 50% enhance within the manufacturing of its COVID-19 vaccine there. Moderna now goals to supply between 800 million and 1 billion doses of its COVID-19 vaccine in 2021 and as much as 3 billion doses in 2022. It additionally mentioned its different merchandise, all at the moment in growth, might be produced at that web site. “We imagine that this funding and enlargement at our expertise heart will enable us to proceed to optimize our mRNA merchandise as we discover new pharmaceutical supply types similar to prefilled syringes and lyophilized merchandise,” Moderna CEO St├ęphane Bancel mentioned in a information launch. Moderna’s inventory has rallied 78.0% because the begin of the yr, whereas the broader S&P 500
SPX,
+0.27%

is up 11.6%.



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