Posted BY: Jim Hoft

On Monday, Moderna CEO Stephane Bancel spoke with Yahoo Finance’s Anjalee Khemlani at the 2022 Yahoo Finance All Markets Summit.

During the course of their discussion, Bancel admitted that COVID-19 is going to be very similar to the seasonal flu. He also suggested that persons aged 50 and older as well as those who are in vulnerable categories should consider receiving a booster shot.

Below is the transcript:

Anjalee Khemlani: Is the COVID vaccine going to be an annual COVID booster for a very long time to come or maybe for the rest of our lives? And how do you merge that with the fact that there is already low uptake of this new variant booster?

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Stephane Bancel: I think it’s interesting the uptake is actually stronger than seasonal flu from data I’ve seen recently. So we have to see what before the end of the season, what does it look like? It’s the first time we’re going to be more in the pandemic setting, so I think we’ll be smarter…

So it is a better update than a seasonal flu shot. I think it’s going to be flu, which is again, if you’re 25 years old, you’ll need an annual booster every year. If you’re healthy, you might want it to protect other people. You might want it because you don’t want to get sick and miss work or miss vacation and so on.

But I think it’s going to be very similar to the flu, where the kids will be people at high risk, people above 50 years of age, people with comorbidity, people with cancer and other conditions… And that’s really important to think about. And if you look at it around the world, that is 1.5 billion people. So it’s a lot of people that’s going to need an annual booster and people that are younger going to have to decide for themselves what they want to do.

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