February 10, 2026
Finance

Moderna and Mexican Government Collaborate to Expand Local mRNA Vaccine Production

Strategic agreement aims to enhance domestic manufacturing and bolster pandemic responsiveness in Mexico

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Summary

Moderna Inc. has entered into a long-term strategic partnership with the Mexican government to develop and strengthen local mRNA vaccine production capabilities. This collaboration includes technology transfer, clinical research cooperation, and commitments to supply COVID-19 vaccines for upcoming vaccination campaigns, underscoring efforts to enhance Mexico’s pandemic preparedness and improve access to essential respiratory vaccines.

Key Points

Moderna and the Mexican government have entered a long-term strategic partnership focused on building local mRNA vaccine manufacturing capabilities under Plan Mexico.
The agreement includes technology transfer to Laboratorios Liomont to produce Moderna’s COVID-19 vaccine domestically, with a commitment to supply up to 10 million doses for 2025-2026.
The collaboration encompasses shared clinical research and development initiatives tailored to Mexico’s health priorities, reinforcing the country's pandemic preparedness framework.
Moderna’s stock shows longer-term strength with mixed short-term technical signals ahead of the company’s February 2026 earnings report.

In a move poised to significantly bolster Mexico’s vaccine manufacturing infrastructure, Moderna Inc. (NASDAQ:MRNA) announced on Tuesday the signing of a long-term strategic agreement with the Mexican government. This pact is designed to expand the country's ability to produce messenger RNA (mRNA) vaccines locally, a step that aligns with broader healthcare priorities and pandemic readiness initiatives.

The agreement formalizes collaborative intentions through a Memorandum of Understanding (MoU) that supports "Plan Mexico," an initiative dedicated to establishing a robust domestic mRNA ecosystem. Under this plan, Mexico will gain facilitated access to Moderna's portfolio of respiratory vaccines, potentially increasing vaccine availability and speeding deployment in response to public health needs.

Central to the partnership is a commitment to jointly pursue clinical research and development efforts tailored to Mexico’s specific healthcare priorities. This cooperation aims to build on the country’s existing infrastructure by integrating Moderna’s technology and expertise, thereby contributing to enhanced scientific output and preparedness against future pandemics.

One significant component of the deal involves the transfer of mRNA vaccine technology to Laboratorios Liomont, a leading pharmaceutical manufacturer in Mexico. This technology transfer will enable local production of Moderna’s COVID-19 vaccine within the country. The partnership includes a pledge to provide up to 10 million doses of this vaccine for Mexico’s 2025-2026 immunization campaign, ensuring a reliable supply for the population.

This strategic collaboration emerges following recent health authority approvals allowing Moderna’s COVID-19 vaccine to be administered to individuals as young as six months. Such regulatory milestones have increased vaccine demand in Mexico, highlighting the importance of local manufacturing capabilities to meet ongoing public health requirements effectively.

Moderna’s Chief Executive Officer, Stéphane Bancel, emphasized the strategic value of this agreement in strengthening pandemic preparedness while addressing immediate and long-term healthcare needs in Mexico. By advancing local production capabilities and fostering collaborative research, the partnership seeks to create sustainable pathways for vaccine equity and rapid response during health crises.

From a market perspective, Moderna’s stock movements reflect mixed signals amid these developments. Currently, shares trade approximately 2.9% below the 20-day simple moving average (SMA), while maintaining a position 37.7% above the 100-day SMA, indicating enduring longer-term strength despite short-term fluctuations.

Over the last year, shares have appreciated by 31.63%, trading nearer to their 52-week highs compared to lows. The Relative Strength Index (RSI) rests at 53.64, representing a balanced momentum without overbought or oversold conditions. However, the Moving Average Convergence Divergence (MACD) indicator remains below its signal line, suggesting prevailing bearish pressure on the stock.

Technical analysis points to key resistance at $43.50 per share and support at $41.00. These levels will likely influence price behavior as market participants respond to forthcoming corporate developments.

Looking ahead, Moderna is scheduled to release its next earnings report on February 13, 2026. Analysts anticipate an earnings per share (EPS) figure of -$2.60, an improvement from the prior year’s -$2.91. Revenue expectations are set at approximately $638.92 million, marking a decline from $966.00 million year-over-year.

Consensus among equity analysts holds a neutral stance on the stock, with a Hold rating accompanied by an average price target of $50.52. Recent broker adjustments include UBS establishing a Neutral position and lowering its target to $34.00, Morgan Stanley assigning an Equal-Weight rating with a target of $28.00, and Jefferies initiating coverage with a Hold rating and a $30.00 target.

Moderna's market momentum is underscored by a strong score of 88.42 on the Benzinga Edge ranking scale, signaling outperformance relative to the broader market despite mixed technical indicators. Pre-market trading on Tuesday reflected mild optimism, with shares rising 0.76% to $42.27 according to Benzinga Pro data.

The strategic agreement with Mexico highlights a critical step in enhancing decentralized vaccine production infrastructures, which can drive increased accessibility and self-sufficiency in immunization efforts. For investors and stakeholders, vigilance is warranted as upcoming earnings and broader market dynamics could impact Moderna’s stock trajectory.

Risks
  • The anticipated revenue for Moderna in the upcoming earnings report is expected to decline year-over-year, which may affect investor sentiment.
  • Technical indicators such as MACD suggest bearish pressure, indicating potential short-term challenges in stock performance.
  • Analyst ratings remain cautious with Hold and Neutral stances, reflecting uncertainty in valuation and near-term growth prospects.
  • The success of technology transfer and local production depends on effective implementation and regulatory compliance, which pose operational risks.
Disclosure
Education only / not financial advice
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