Moderna Announces Contract with Brazil to Supply 12.5 million COVID-19 Vaccines as Part of National Vaccination Campaign
- Securing a contract with Brazil's Ministry of Health is a positive move for Moderna (MRNA), expanding its global presence and contributing to public health efforts.
- ANVISA's approval of Moderna's COVID-19 vaccine for children from six months of age and adults signifies the effectiveness and safety of the vaccine.
- Delivery of 12.5 million doses in the second quarter of 2024 highlights Moderna's operational capabilities and commitment to supporting national vaccination campaigns.
- The partnership between Moderna and the Ministry of Health demonstrates a shared dedication to public health and fighting against COVID-19 globally.
- Moderna's development of a monovalent XBB.1.5 vaccine candidate shows promise in generating an immune response against current circulating strains of the SARS-CoV-2 virus, aligning with global health recommendations.
- The agreement with Brazil reinforces Moderna's position as a key player in the global vaccination landscape, enhancing its reputation and potential for future collaborations.
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Moderna's contract to supply 12.5 million COVID-19 vaccine doses to Brazil is a notable development from a financial perspective. This deal will likely contribute to a short-term revenue boost for the company, which can be seen as positive by the investors. Given the size of the contract, it may pose a modest positive impact on the company's earnings, considering Moderna's scale and revenue from other contracts. However, this should be weighed against the overall market for COVID-19 vaccines, which could be subject to fluctuations in demand, global vaccine distribution efforts and the emergence of new variants requiring different vaccine responses. Market saturation and global vaccination progress may also play a role in determining the long-term sustainability of revenue from COVID-19 vaccines.
The approval of Moderna's mRNA COVID-19 vaccine by ANVISA and its inclusion in Brazil's national vaccination campaign is a testament to the vaccine's relevance in ongoing global health efforts. The targeting of the XBB.1.5 sublineage is significant, as it suggests that the vaccine has been tailored to address specific variants of concern. From a medical standpoint, the ability to quickly adapt mRNA vaccines to emerging strains is a key asset in controlling the pandemic. The data indicating an immune response against currently circulating strains of SARS-CoV-2, including recent variants, demonstrates Moderna's commitment to vaccine efficacy, which can be seen as a strong point for the company's reputation and credibility in the vaccine market. Long-term, the effectiveness of these vaccines will determine their value and usage frequency in immunization programs around the world.
The strategic alliance between Moderna and the Brazilian government reflects the continued importance of partnerships between pharmaceutical companies and national health authorities. For investors, the ability of a company to secure governmental contracts is indicative of its competitive positioning within the pharmaceutical industry. Moderna's expansion into the Brazilian market not only diversifies its revenue streams but also cements its presence in emerging markets. It's important to understand the dynamics of vaccine adoption and distribution in different regions, as these factors will influence demand and the potential for repeat contracts. While the immediate financial benefits of this deal may be clear, the long-term implications depend on a myriad of factors including competition, vaccine technology developments and global health policies.
CAMBRIDGE, MA / ACCESSWIRE / April 22, 2024 / Moderna, Inc. (NASDAQ:MRNA) today announced a contract with the Ministry of Health in Brazil (Ministério da Saúde) to supply its mRNA COVID-19 vaccine as an integral part of Brazil's 2024 national vaccination campaign against COVID-19. This contract follows the Brazilian Health Regulatory Agency's (ANVISA) approval of Moderna's COVID-19 vaccine in March 2024, which encodes the spike protein of the XBB.1.5 sublineage of SARS-CoV-2 for active immunization for the prevention of COVID-19 in children from six months of age and adults.
"We are proud to partner with the Ministry of Health to provide our mRNA COVID-19 vaccine for the first time in Brazil as part of the national vaccination campaign," said Stéphane Bancel, Chief Executive Officer of Moderna. "This agreement underscores our commitment to global health and our role in supporting Brazil's efforts to protect its citizens against COVID-19. We look forward to working with the Ministry of Health to help maintain health security in Brazil."
Under the contract, 12.5 million doses of Moderna's mRNA COVID-19 vaccine are anticipated for delivery in the second quarter of 2024, marking a significant milestone in Brazil's ongoing efforts to combat COVID-19. The partnership between Moderna and the Ministry of Health reflects a shared commitment to public health and the importance of national immunization campaigns. This contract is expected to bolster Brazil's national vaccination campaign and contribute to the global effort to combat the enduring threat of COVID-19.
The World Health Organization (WHO) determined that the ancestral strain and related variants no longer circulate in humans. To ensure updated vaccines provide the most robust immune response against the dominant circulating variants, regulators and global public health agencies have recommended that COVID-19 vaccines be updated to a monovalent XBB.1.5 composition. Moderna has generated preclinical and clinical data of its monovalent XBB.1.5 vaccine candidate showing an immune response against XBB sublineages and currently circulating strains of the SARS-CoV-2 virus, including JN.1.
About Moderna
Moderna is a leader in the creation of the field of mRNA medicine. Through the advancement of mRNA technology, Moderna is reimagining how medicines are made and transforming how we treat and prevent disease for everyone. By working at the intersection of science, technology and health for more than a decade, the company has developed medicines at unprecedented speed and efficiency, including one of the earliest and most effective COVID-19 vaccines.
Moderna's mRNA platform has enabled the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases and autoimmune diseases. With a unique culture and a global team driven by the Moderna values and mindsets to responsibly change the future of human health, Moderna strives to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the Company's contract with the Ministry of Health in Brazil to supply Moderna's COVID-19 vaccine as part of Brazil's national vaccination campaign; the planned delivery of Moderna's COVID-19 vaccines; and the ability of Moderna's COVID-19 vaccine to trigger an immune response against current circulating strains of SARS-CoV-2. In some cases, forward-looking statements can be identified by terminology such as "will," "may," "should," "could," "expects," "intends," "plans," "aims," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna's control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading "Risk Factors" in Moderna's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this presentation in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna's current expectations and speak only as of the date of this press release.
Moderna Contacts:
Media:
Luke Mircea Willats
Senior Director, Corporate Communications
Luke.Mirceawillats@modernatx.com
Investors:
Lavina Talukdar
Senior Vice President & Head of Investor Relations
617-209-5834
Lavina.Talukdar@modernatx.com
SOURCE: Moderna, Inc.
View the original press release on accesswire.com
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