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    MRNA   US60770K1079

MODERNA, INC.

(MRNA)
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Moderna : Canada set to receive 1M Pfizer-BioNTech doses, Moderna playing catch-up

04/12/2021 | 05:19pm EDT

OTTAWA — A batch of more than 855,000 doses of vaccine from Moderna is now on route to Canada, Procurement Minister Anita Anand said Monday afternoon.

The delivery of 855,600 doses was first scheduled for last week, but was delayed because of an ongoing backlog in quality assurance checks at the drugmakers production lines in Europe.

Anand said Monday the doses were picked up by FedEx in Europe Monday, and will arrive in Toronto Tuesday. Innomar Strategies, the company contracted to handle all vaccine distributions except for Pfizer-BioNTech, will receive them, and turn them around for redistribution to provinces and territories.

"The provinces will receive the Moderna deliveries this week," Anand said in an interview with The Canadian Press.

A shipment of about one million Pfizer doses was to arrive Monday, for a total of 1.9 million new doses this week.

Maj.-Gen. Dany Fortin, the military officer overseeing the federal government’s vaccination distribution effort, said last week there could be a similar delay in the delivery of 1.2 million doses from Moderna next week.

“It’s prudent planning on our part right now to bank on the last week of April,” Fortin said last Thursday.

In comparison, Pfizer-BioNTech has been consistently delivering more than 1 million shots to Canada each week for more than a month, a trend that is expected to continue for the foreseeable future.

The Public Health Agency is not expecting any shots of the Oxford-AstraZeneca vaccine this week. Canada has also approved a vaccine produced by Johnson & Johnson, but it is not clear when the first of those doses will be delivered.

The rush to get vaccines into Canadians' arms has grown more urgent as Canada continues to see a massive spike in the number of new COVID-19 infections.

Thousands of new cases were reported on Sunday, including a record 4,456 in Ontario alone. Dr. Theresa Tam, the country's chief public health officer, noted admissions to intensive care units surged 23 per cent last week compared to the one before and said the Canada is approaching the peak of the current pandemic wave.

Tam said many of those getting sick are younger than in previous COVID-19 surges, which experts have blamed on virus variants that are spreading across the country.

That has prompted some provinces to start looking at changes to how they are distributing their vaccines.

More than 10 million doses had been distributed across Canada as of Sunday afternoon, according to covid19tracker.ca, with nearly 8 million having been administered.

Almost 20 per cent of the population has received at least one shot.

— With files from Mia Rabson.

This report by The Canadian Press was first published April 12, 2021.

Note to readers: This is corrected story. A previous version said Canada was only expecting one million doses of Pfizer-BioNTech's vaccine to be delivered this week.

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
MODERNA, INC. 0.96% 161.92 Delayed Quote.53.57%
PFIZER, INC. 0.00% 40.125 Delayed Quote.8.72%
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Financials (USD)
Sales 2021 18 363 M - -
Net income 2021 10 203 M - -
Net cash 2021 11 650 M - -
P/E ratio 2021 6,51x
Yield 2021 -
Capitalization 64 417 M 64 417 M -
EV / Sales 2021 2,87x
EV / Sales 2022 2,77x
Nbr of Employees 1 300
Free-Float 90,3%
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 166,60 $
Last Close Price 160,43 $
Spread / Highest target 44,0%
Spread / Average Target 3,85%
Spread / Lowest Target -48,3%
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Managers and Directors
NameTitle
Stéphane Bancel Chief Executive Officer & Director
Stephen Hoge President
David W. Meline Chief Financial Officer
Noubar B. Afeyan Chairman
Juan Andres Chief Technical Operations & Quality Officer
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