On May 4, 2021, Moderna announced an expansion of the Moderna Technology Center (MTC) in Norwood, MA including more than doubling of space to transform the facility from a production and lab space to an industrial technology center.

This expansion included increasing the Company’s production and lab space from 300,000 square feet to 650,000 square feet through renovation of existing space and acquisition of a 240,000 square foot building located on the same campus for expansion of its commercial and clinical activities.

This expansion will support a 50% increase in production of the Moderna COVID-19 Vaccine at Moderna’s manufacturing site.  The Company also raised its 2021 manufacturing supply forecast to between 800 million to 1 billion doses.