Moderna to deliver additional 176.5 million COVID-19 vaccine doses for Covax after options exercised

Shares of Moderna Inc. MRNA, +1.80% rallied 1.9% successful premarket trading Tuesday, aft the biotechnology institution said Gavi, the Vaccine Alliance, has exercised its enactment to bargain an further 176.5 cardinal COVID-19 vaccine doses for the Covax program. Of the further doses, 116.5 cardinal doses are expected to beryllium delivered successful the archetypal 4th of 2022, portion 60 cardinal doses are expected to beryllium delivered successful the 2nd 4th of 2022. Covax inactive has the enactment to bargain an further 116.5 cardinal COVID-19 vaccine doses for transportation successful the 3rd 4th of 2022, and an further 116.5 cardinal doses successful the 4th quarter. Moderna's banal has soared 192.1% twelvemonth to day done Monday, portion the S&P 500 SPX, +0.08% has gained 16.1%.