Moderna's CEO predicts that the next phase of the pandemic is here, and we’ll need a booster shot every fall that can protect us from COVID-19. The ideal booster would protect against both the delta and omicron variants, the company said.
Moderna MRNA, +15.10% CEO Stéphane Bancel predicts that the next phase of the pandemic is here, and what we’ll need going forward is a booster shot every fall that can protect us from COVID-19 and other respiratory viruses.
SpikeVax is a blockbuster many times over. It generated $6.9 billion in sales in the fourth quarter of 2021 and a total of $17.7 billion for the year; Moderna’s stock soared 11.8% in trading on Thursday afternoon after beating earnings and revenue expectations for the fourth quarter of the year. This includes furthering development of a bivalent COVID-19 booster; inking 10-year agreements with governments like Australia and Canada for annual “pan-respiratory” boosters; possibly upping the price of a COVID-19 booster in the U.S.; and pushing forward with late-stage clinical trials assessing RSV and herpes vaccine candidates.It’s uncertain if another COVID-19 vaccine or booster will be necessary in the future. However, Moderna said that Canada, Kuwait, Taiwan, and the U.K.
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