U.S. Govt. Cancels $766M Funding Contract for Moderna's Bird Flu Shot

Moderna (MRNA) recently announced that the U.S. government has terminated the previously-awarded contract for the late-stage development of an mRNA-based bird flu vaccine, as well as the right to purchase this vaccine.The Biden administration had awarded two contracts to Moderna over the past year. This includes $590 million in funding earlier this year to advance vaccine development, including the expansion of clinical studies for up to five additional pandemic influenza subtypes. Another contract worth $1 ...