U.S. markets close in 5 hours 42 minutes
  • S&P 500

    4,161.62
    -12.23 (-0.29%)
     
  • Dow 30

    34,308.08
    -74.05 (-0.22%)
     
  • Nasdaq

    13,342.59
    -87.39 (-0.65%)
     
  • Russell 2000

    2,197.34
    -27.29 (-1.23%)
     
  • Crude Oil

    65.84
    +0.47 (+0.72%)
     
  • Gold

    1,854.10
    +16.00 (+0.87%)
     
  • Silver

    27.66
    +0.29 (+1.06%)
     
  • EUR/USD

    1.2148
    +0.0001 (+0.01%)
     
  • 10-Yr Bond

    1.6340
    -0.0010 (-0.06%)
     
  • GBP/USD

    1.4103
    +0.0001 (+0.00%)
     
  • USD/JPY

    109.2110
    -0.1360 (-0.12%)
     
  • BTC-USD

    44,156.96
    -4,655.64 (-9.54%)
     
  • CMC Crypto 200

    1,225.60
    +27.68 (+2.31%)
     
  • FTSE 100

    7,034.00
    -9.61 (-0.14%)
     
  • Nikkei 225

    27,824.83
    -259.67 (-0.92%)
     

UPDATE 2-Catalent signs deal with Moderna to speed up U.S. vaccine output

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

(Adds details from company statement)

April 6 (Reuters) - Contract manufacturer Catalent Inc said on Tuesday it had signed an agreement with Moderna Inc to increase the speed of vaccine production at its U.S. facility.

Catalent, which last year signed an agreement to fill and package vials of Moderna's COVID-19 vaccine, declined to comment on production targets after the new deal.

Under the expanded agreement, Catalent said it would dedicate to Moderna a new high-speed production line at its plant in Bloomington, Indiana, through June 2023, which could potentially be used to manufacture other drugs in Moderna's portfolio as well.

The upgraded plant will be able to fill an additional 80 million vials a year, the Wall Street Journal reported, citing people familiar with the matter.

Last month, Moderna said it expects to meet its promise of delivering 100 million COVID-19 vaccine doses to the United States by the end of May and another 100 million by the end of July, by delivering 40-50 million doses per month. (Reporting by Manas Mishra in Bengaluru; Editing by Devika Syamnath)