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Moderna's Potential Coronavirus Vaccine Gets $483 Million Boost From Feds

CAMBRIDGE (CBS) - The federal government is pledging up to $483 million to the Cambridge biotech company Moderna to help in its development of a potential coronavirus vaccine.

Moderna said the money will allow them to manufacture the experimental vaccine around the clock, seven days a week.

It has not yet been approved. Public health officials have said it could take 18 months to fully validate a vaccine.

Moderna Therapeutics coronavirus vaccine
Moderna Therapeutics lab in Norwood. (Image credit: CBS News)

Moderna said they hope to provide millions of doses per month if the drug is successful in its clinical trials.

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