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Medical Research is in serious trouble [View all]
Moderna CEO essentially backs out of the majority of the vaccine market
“You cannot make a return on investment if you don’t have access to the U.S. market,” Bancel told Bloomberg...
and
Moving forward, Bancel told Bloomberg that Moderna will no longer put money into late-stage vaccine studies, though it remains unclear if the CEO was speaking of all vaccines or just those for infectious diseases.
After the FDA moved the goalposts on Moderna after it had invested significant amounts of time effort and money to get a novel mRNA flu vaccine to be reviewed. Now they will be backing out of that part of the market in the US and you can bet most others will follow.
The harm this will do to medical research and development in the US is significant and the harm overall the FDA has done in such a short time is evident by the pace of medical breakthroughs being released around the world within weeks of the US leaving WHO makes it clear that the US is no longer a leader in medical research and development and we are all in serious trouble.
Reference:
https://www.biospace.com/business/moderna-wont-run-phase-iii-vaccine-trials-as-skepticism-grows-in-us-bloomberg
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