Sanofi, the French pharmaceutical company, will be helping Moderna with the production of COVID-19 vaccines. The move was made in an effort to allow the American pharmaceutical and biotechnology firm to fulfill its orders and meet the demand for its shots.
Sanofi confirms production of Moderna shots
On Monday, April 26, Sanofi said that it has joined hands with the Massachusetts-headquartered biotech firm so it can provide assistance with filling vials and finish the packaging of up to 200 million doses as the demand for the Moderna COVID-19 vaccine is high.
Sanofi will be manufacturing the shots in its facility in Ridgefield, New Jersey. While the French company shared some info about its latest partnership with Moderna, it did not disclose any detail regarding the financial aspect of their deal, as per CNBC.
This is the third contract that Sanofi was able to secure since the start of this year. It previously signed a deal with Pfizer/BioNTech, to help them with supplying more than 125 million doses of coronavirus shots. The company also pledged to complete the filling and packing of Johnson & Johnson vaccines, and it must churn out at least 12 million doses per month.
Sanofi’s contribution in fulfilling Moderna’s COVID-19 vaccine supply will begin in September. While it has many deals to work on, the company is also busy in the development of its own vaccines in partnership with GlaxoSmithKline and another one with Translate Bio.
Sanofi aims to fill the bill for vaccines in the U.S.
The Wall Street Journal reported that based on the info coming from Sanofi’s spokesman, the finished doses of Moderna vaccines are for the U.S. supply where Moderna has an agreement until April 2022.
Meanwhile, Novartis AG and Merck Co. are also helping other makers of the coronavirus vaccines by forming agreements for production. The collaborations among the manufacturers are a collective effort to increase production so every nation in the world can have the doses they need.
Finally, Moderna is planning to distribute a total of 300 million doses of COVID-19 shots in the U.S. by the end of July. The delivery is projected to help President Biden achieve his goal of having the majority of American adults vaccinated by summer.


TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns
UOB Q1 Profit Meets Expectations as Loan Growth Offsets Lower Interest Rates
Armani Group Eyes Strategic Stake Sale to Luxury Giants
US Auto Industry Urges Trump to Block Chinese EV Market Access
CSL Shares Crash as Profit Warning and $5 Billion Impairment Shake Investors
OCBC Q1 Profit Rises 5% on Strong Wealth Management and Non-Interest Income
Hantavirus Cruise Ship Outbreak Triggers Global Health Alert
JD Sports Backs Nike CEO Elliott Hill Amid Brand Turnaround Efforts
K+S Raises 2026 Earnings Outlook After Strong Q1 Results
AcadeMedia Q3 Profit Climbs as International and Adult Education Segments Drive Growth
Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally
Morgan Stanley Bets on Optical Component Stocks in Greater China Tech Sector
Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone
Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat
Aker BP Q1 Profit Jumps on Higher Oil Prices and Asset Reversal 



