BUZZ-Moderna falls after report Trump administration weighs pulling funding for its bird flu vaccine

Reuters

02-27

BUZZ-Moderna falls after report Trump administration weighs pulling funding for its bird flu vaccine

** Shares of Moderna MRNA.O fall 3.28% to $32.48 premarket

** U.S. health officials are reevaluating a $590 million contract that was awarded to co for the development of its bird flu vaccine, Bloomberg News reported on Wednesday, citing sources

** The review is part of a government push to examine spending on messenger RNA-based vaccines, the technology that powered Moderna's COVID vaccine, the report added

** The U.S. government awarded MRNA $590 million in January to advance the development of its bird flu vaccine

** Shares have fallen nearly 65% in the last 12 months

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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18:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<title>BUZZ-Moderna falls after report Trump administration weighs pulling funding for its bird flu vaccine</title><p>** Shares of Moderna <span>MRNA.O</span> fall 3.28% to $32.48 premarket</p><p>** U.S. health officials are reevaluating a $590 million contract that was awarded to co for the development of its bird flu vaccine, Bloomberg News <span>reported</span> on Wednesday, citing sources</p><p>** The review is part of a government push to examine spending on messenger RNA-based vaccines, the technology that powered Moderna's COVID vaccine, the report added</p><p>** The U.S. government <span>awarded</span> MRNA $590 million in January to advance the development of its bird flu vaccine</p><p>** Shares have fallen nearly 65% in the last 12 months</p><p> (Reporting by Sriparna Roy in Bengaluru)</p><p> 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