Breaking News
Investing Pro 0
Free Webinar - The Role of Psychology in Trading - Thursday, December 8, 2022 | 04:00PM EST Enroll Now

Moderna open to supplying COVID vaccines to China, CEO says

Stock Markets Sep 14, 2022 02:17PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
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
 
PFE
+3.07%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MRNA
+3.18%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BNTX
+5.64%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

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:MRNA) 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:PFE) that target the Omicron variant of the coronavirus.

Moderna sued Pfizer Inc and its partner BioNTech SE (NASDAQ:BNTX) 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.

Moderna open to supplying COVID vaccines to China, CEO says
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
JIM VETTER
JIM VETTER Sep 15, 2022 6:57PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Please do!! Especially for the ruling class, maybe there would less of them after getting the jab
ROB Stone
ROB Stone Sep 14, 2022 2:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Why? They didn't work in the US.
JIM VETTER
JIM VETTER Sep 14, 2022 2:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
100%. Anyone who thinks otherwise isn't very bright
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email