Trump says US has reached deal with Moderna for 100 million doses of coronavirus vaccine

US President Donald Trump will speak to the press at the White House Brady Briefing Room in Washington, DC on August 10, 2020.

Brendan Smialowski | AFP | Getty Images

President Donald Trump announced Tuesday that the U.S. government will purchase 100 million doses of Moderna’s experimental coronavirus vaccine, which is currently in human trials in the late stages.

Moderna said separately that the deal for its vaccine, mRNA-1273, is worth $ 1.525 billion and will give the federal government the option to purchase up to 400 million additional doses. The US has already invested $ 955 million to develop Moderna’s vaccine, bringing its total investment to $ 2.48 billion, the company said in a press release Tuesday.

The US government’s deal with Moderna follows similar agreements they made with pharmaceutical giants Pfizer and Johnson and Johnson for their potential Covid-19 vaccines.

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