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Moderna quarterly sales beat expectations but plummet from previous year

(Reuters) -Moderna on Thursday reported quarterly revenue that beat Wall Street estimates but came in dramatically lower than the previous year when demand for COVID-19 vaccines was higher. Sales of Modernaโ€™s COVID-19 shot Spikevax, its only marketed product, dropped 91% from the previous year to $167 million for the quarter but surpassed analystsโ€™ expectations of $97.5 million. The Cambridge, Massachusetts-based company reaffirmed that it expects to receive approval from regulators for its ...
United States New York United Kingdom Sonali Paul Patrick Wingrove Wall Street
Source: aol.com

Moderna reports surprise profit, sets out road map for RSV vaccine

(Reuters) -Moderna on Thursday reported a surprise fourth-quarter profit, helped by cost cutting and some deferred payments, and the vaccine maker set out a commercial roadmap for its experimental respiratory syncytial virus (RSV) shot. Moderna posted a profit of $217 million, or 55 cents a share, for the quarter. Moderna Chief Financial Officer James Mock in an interview said the company beat its own forecast because of unexpected deferred revenue of $600 million and cost savings of around $3...
New York United States United Kingdom Leroy Leo Patrick Wingrove Us Centers For Disease
Source: yahoo.com

How Moderna came up with a 'vaccine' for vaccine dissent

Finances at the vaccine manufacturer Moderna began to fall almost as quickly as they had risen, as most Americans resisted getting yet another COVID booster shot. The pharmaceutical company, whose pioneering mRNA vaccine had turned it from small startup to biotech giant worth more than $100 billion in just a few years, reported a third-quarter loss last year of $3.6 billion, as most Americans refused to get another COVID booster shot.
North Chicago United States United Kingdom New York Elon Musk Jonathan Van Tam
Source: wnd.com

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