Moderna Chief Medical Officer Paul Burton said Covid is entering an endemic phase in the Northern Hemisphere.
Moderna CEO Stephane Bancel told CNBC on Thursday that although Covid is entering an endemic phase in some parts of the world, people will need another booster shot in the fall. This is particularly true for individuals over 50 and those who are at high risk due to underlying health conditions, he said.
Moderna on Thursday announced that it is developing a booster vaccine that targets the omicron and other variants such as delta. Burton said the current booster protects against hospitalization from delta and to a lesser extent from omicron. However, he said the effectiveness of the vaccine declines over time.
Burton said the disease burden and deaths have declined from their highest levels during the first wave of infection, when no one had immunity to the virus.
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