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Canada doubles the order for Moderna’s experimental COVID-19 vaccine

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Miguel A. Rodriguez
Miguel A. Rodriguez
07 December 2020
Moderna’s stock gains as orders doubles

The race for releasing a viable COVID-19 vaccine intensified in the past couple of weeks. After Pfizer and BioNTech, Moderna also filed for approval in the UK and the US, countries increase their dose orders.

According to Moderna, the Canadian government doubled its order for its COVID-19 vaccine candidate. If the country initially ordered 20 million doses, it has now exercised its option to order 20 million more doses. Overall, the government will benefit from 40 million doses. The doses will come from Moderna’s site in Europe.

Despite the increase, Moderna stated that it is on track with its start date of shipping mRNA-1273 later on this month, if approved by regulators.

Following the news, the company’s stock price traded 1.3% higher. In the last quarter, Moderna stock price is up more than 146%, while USA500 added 7.8%.

Sources: marketwatch.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.