Moderna received US$1.1B in deposits for COVID vaccines in quarter

30 Octobre, 2020, 09:23 | Auteur: Yves Courtet
  • According to a report the UK government believes a coronavirus vaccine

The scheme could foot the bill for 92 low-income countries, mostly in Africa and South-East Asia, meaning their governments would face little or no costs from claims brought by patients, should anything go unexpectedly wrong after a COVAX-distributed vaccine is administered.

A vaccine scheme co-led by the World Health Organisation is setting up a compensation fund for people in poor nations who might suffer any side-effects from COVID-19 vaccines, aiming to allay fears that could hamper a global rollout of shots. "It'll be widely available and accessible to seniors and every American", CMS administrator Seema Verma said during a briefing Wednesday.

The company had almost $4.0 billion in cash at the end of the quarter, including more than $1 billion in deferred revenues connected to supply agreements with government agencies for future COVID-19 vaccine supply.

Commenting on the collaboration, Dr Renu Swarup, Secretary, DBT and chairperson, BIRAC, said, "The government is committed to fast track clinical development of Covid vaccine candidates and provide facilitation to accelerate market readiness of a suitable vaccine".

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Declining issues outnumbered advancing ones on the NYSE by a 10.08-to-1 ratio; on Nasdaq, a 6.28-to-1 ratio favored decliners. The S&P 500 posted one new 52-week highs and nine new lows; the Nasdaq Composite recorded 15 new highs and 110 new lows.

Verma said these amounts are a little bigger than usual for vaccines because these particular products come with requirements for reporting to the CDC and Operation Warp Speed, and outreach to patients to make sure they come back for their second dose, she said.

CMS is also hiking reimbursements to hospitals using newer COVID-19 therapies.

"In short, we are bridging the gap between the standard payment and the outlier payment", she said. "Unlike our current policy for new technology add-on payments that require a year-long application process, new Covid-19 therapeutics will automatically qualify for the additional payments during the public health emergency after they've just been approved by the FDA". Private insurers' and Medicaid reimbursement for vaccine administration will vary. More than 55,000 volunteers have applied to take part in post-registration trials.

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