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HHS weighs rescinding Moderna bird flu vaccine contract

  • The U.S. Department of Health and Human Services is considering withdrawing a $590 million contract for a bird flu vaccine awarded to Moderna Inc., as reported by Bloomberg.
  • Health officials are reviewing a $590 million contract granted to Moderna Inc. For a bird flu vaccine, as reported by Bloomberg.
  • This contract was awarded during the Biden administration's final days and helped raise Moderna's stock by 13% shortly after the announcement.
  • The reconsideration occurs amidst a significant bird flu outbreak and declining sales of Moderna's COVID-19 vaccine.
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Bloomberg broke the news in United States on Wednesday, February 26, 2025.
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