Moderna increases sales forecast for COVID-19 vaccines to $ 19.2 billion

© Reuters. FILE PHOTO: A healthcare worker holds a vial of Moderna’s COVID-19 vaccine at a pop-up operated by SOMOS Community Care during the coronavirus disease (COVID-19) pandemic in Manhattan in New York City, New York, United States Vaccination center. January 29, 2021.

(Reuters) – Modern (NASDAQ 🙂 Inc raised its 2021 sales forecast for its COVID-19 vaccine by 4.3% to $ 19.2 billion on Thursday, reflecting demand from countries looking to return to normal through rapid vaccination.

Earlier this week, bigger rival Pfizer Inc (NYSE 🙂 expects its COVID-19 vaccine to generate $ 26 billion in sales this year.

Moderna had forecast vaccine sales of $ 18.4 billion in February.

Since then, wealthy nations have stocked shots from Moderna and Pfizer Inc / BioNTech SE after safety concerns and manufacturing issues temporarily suspended vaccines from AstraZeneca (NASDAQ 🙂 Plc and Johnson & Johnson (NYSE :).

For the first quarter ended March 31, Moderna vaccine had sales of $ 1.7 billion.

The company plans to file for full approval of the vaccine in the US this month.

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