Plus   Neg

Swiss Government In Deal With Moderna For 4.5 Mln Doses Of Coronavirus Vaccine

Swiss federal Government announced Friday that it has signed an agreement with US biotech firm Moderna Therapeutics (MRNA) for the procurement of 4.5 million vaccine doses against coronavirus. The federal government is also in talks with other vaccine companies.

In pre-market activity on Nasdaq, Moderna shares were gaining 1.34 percent to trade at $74.75.

Moderna is already at an advanced stage with its vaccine project. If the vaccine successfully passes the clinical trial phase and can be approved for the Swiss market, Switzerland will receive 4.5 million vaccine doses. With this, it will be possible to vaccinate 2.25 million people as two vaccine doses will be necessary.

In a statement, The Federal Council further said the government is adopting a diversified approach in order to increase the chances of gaining rapid and secure access to a vaccine. The FOPH is holding further talks with vaccine candidates in parallel to the conclusion of the agreement with Moderna.

The Federal Council has allocated a total of 300 million Swiss francs for the procurement of the vaccine.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT