Benzinga | Mar 8, 2021 07:09AM EST

Philippines, Moderna Reach 13M Vaccine Doses Supply Pact

* Moderna Inc (NASDAQ: MRNA) has agreed to supply the Philippines government with 13 million doses of its COVID-19 vaccine.

* Deliveries are set to begin in mid-2021.

* The company's COVID-19 vaccine is not currently approved for use in the country, and it will work with regulators to pursue necessary approvals before distribution.

* The company also anticipates a separate deal with the Philippines government and private sector to supply an additional 7 million doses.

* The Philippines regulator has so far approved for emergency use COVID-19 vaccines developed by Pfizer Inc (NYSE: PFE)/BioNTech SE (NASDAQ: BNTX), AstraZeneca Plc (NASDAQ: AZN), and Sinovac Biotech (NASDAQ: SVA).

* Price Action: MRNA shares are down 2.4% at $129.01 in premarket trading on the last check Monday.