Moderna, Inc. announced that the European Commission has approved an agreement to secure 80 million doses of mRNA-1273, Moderna’s vaccine candidate against COVID-19, as part of the European Commission’s goal to secure access to a safe and effective COVID-19 vaccine for Europe.
Under the terms of the proposed agreement, the European Commission has the option to increase its purchase of mRNA-1273, up to 160 million doses.
Stéphane Bancel, CEO of Moderna stated in a press release issued on November 25, 2020. “We have scaled up our manufacturing capacity outside of the USA to be able to deliver approximately 500 million doses per year, and possibly up to 1 billion doses per year beginning in 2021 if approved.”