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The White House is spending billions of dollars on a project to develop a vaccine for coronaviruses.

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Stephane Bancel
Moderna CEO, Stephane Bancel attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City.Steven Ferdman/Getty Images
  • The CEO of Moderna says that the epidemic will end this year, but yearly shots will be needed for some.

  • A new shot that combines the original vaccine with one targeting Omicron is likely, according to Stéphane Bancel.

  • The experts have warned that we can not predict how the virus will evolve.

The CEO of Moderna has said that the Pandemic will be over by 2022, but the most vulnerable may need a new booster in the fall.

Bancel told the Financial Times that we should be in a world where there is a vaccine, natural infections and a less virulent virus.

Bancel said earlier this month that it was reasonable to suggest that people older than 50 and those at high risk of severe illness would probably need yearly boosters.

He mentioned the type of booster people might receive.

Bancel told the FT that a new booster that combines Moderna's existing vaccine with an Omicron-specific shot was the most likely candidate based on initial data.

He said that the company is testing an all-in-one vaccine.

Bancel said that the drugmaker was in talks with private US companies to prepare for a time when governments no longer dictated vaccine distribution. He said that this would allow Moderna to charge more.

Moderna's revenue was $18.6 billion in 2021, up from $803 million the year before, mostly due to the sales of COVID-19 vaccine. The company has already signed vaccine deals worth $19 billion, with options for an additional $3 billion.

Bancel believes that there is about an 80% chance that the virus will become less and less virulent.

Health officials and disease experts warn that the virus is unpredictable.

Francois Balloux, director at the University College London Genetics Institute, said there was no meaningful theory that the virus that causes COVID-19 was less virulent.

The original article is on Business Insider.

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