Moderna (NASDAQ: MRNA), one of the leading coronavirus vaccine developers, wasn't a leader on the stock market this week. The biotech's shares had lost nearly 15% of their value week to date as of mid-afternoon Friday, according to S&P Global Market Intelligence. Investors were most concerned about a media report presaging some discouraging news for the company.

On Thursday, The Wall Street Journal published an article stating that the government is planning to end its financial support for coronavirus vaccines and COVID-19 treatments. Although the coronavirus is still very much with us, cases in many jurisdictions -- such as the U.S. -- have been dropping, at times precipitously.

The Biden administration's goal is to shift the costs of jabs and drugs to the healthcare industry and/or the end user, according to the report. The Journal wrote that an unnamed Health and Human Services (HHS) spokesperson stated that this adjustment would take months. HHS is aiming to conduct a planning session on Aug. 30 with representatives from healthcare companies, pharmacies, and state health departments to brainstorm how such a transition might work, the WSJ reports.

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Source Fool.com