4u Created
Image default
Business

Moderna open to supplying COVID vaccines to China, CEO says By Reuters


2/2

© Reuters. FILE PHOTO: Syringes with needles are seen in front of a displayed Moderna logo in this illustration taken November 27, 2021. REUTERS/Dado Ruvic/Illustration

2/2

TOKYO (Reuters) -Moderna Inc has held talks with the Chinese government about supplying COVID-19 vaccines, but no decision has yet been made, CEO Stephane Bancel told Reuters on Wednesday.

As the rest of the world gradually lifts COVID restrictions, China continues to lock down enormous parts of society and conduct mass testing to eradicate the coronavirus. It has not approved any foreign COVID vaccines and relies on several domestically developed shots.

“We are open, we have the capacity”, Bancel told Reuters on the sidelines of a media conference in Tokyo about supplying its mRNA-based shots to China, declining to say whether Moderna (NASDAQ:) had submitted its vaccine for approval there.

A Moderna spokesperson said those discussions had happened in the past and it could not comment on whether those talks were still ongoing.

There is about a 20% probability that a “problematic” variant of the virus could emerge this winter, Bancel said, adding it was not his base case scenario.

“We should just always be humble about biology,” he said.

Bancel, speaking in Tokyo, said Moderna was considering building facilities in Japan to produce mRNA-derived products.

Japan on Monday approved vaccine boosters from Moderna and Pfizer Inc (NYSE:) that target the Omicron variant of the coronavirus.

Moderna sued Pfizer Inc and its partner BioNTech SE (NASDAQ:) last month for patent infringement in the development of the first COVID vaccine approved in the United States.

Moderna believed from the beginning of the outbreak that BioNTech was using its technology and patents, but decided to wait until the pandemic subsided to file suit, Bancel said.



Source link

Related posts

Ukraine pushes to liberate all land from Russia, calls for Western arms By Reuters

Metaverse could be worth $5 trillion by 2030: McKinsey report By Cointelegraph

Neo Performance Materials Inc. PT Lowered to Cdn$18 at Canaccord Genuity