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September 01, 2020 1:32pm
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Whether the FDA approves a COVID-19 booster shot or not, Pfizer and Moderna have already made their money

It's likely that millions of COVID-19 booster shots will be administered in the U.S. in the coming months, but that doesn’t mean companies like Moderna and Pfizer will report an unexpected revenue windfall this year.
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Photography by Christophe Tomatis
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