Moderna CEO Stephane Bancel on Thursday said people may need a fourth shot of the coronavirus vaccine in Fall 2022, CNBC and other news outlets reported.

Bancel, while speaking at a health care event organized by Goldman Sachs, said that the booster efficacy will wane over time, similar to the first two shots of the COVID-19 vaccine.

However, he said people will likely have enough protection from their booster shot last fall to get them through the winter, CNBC added.

While referring to the strength of the booster shot he said "I will be surprised when we get that data in the coming weeks that it's holding nicely over time," adding that "I would expect that it's not going to hold great," according to the news outlet.... Read More: The Hill