Moderna

Moderna to cut 10% of staff to offset slowing Covid business

The layoffs will affect hundreds of employees globally

Moderna has been under pressure to find new sources of revenue as its Covid vaccine sales fall sharply and it spends heavily on its pipeline.

Trump team weighs pulling funds for Moderna bird flu vaccine

The US is in the midst of a record-breaking bird flu outbreak that’s affected dozens of cattle herds along with poultry flocks nationwide, sending egg prices soaring

Moderna posted a profit of US$13 million, or three cents a share, for the quarter, compared to a loss of US$3.6 billion a year ago.

Moderna reports surprise profit on higher-than-expected Covid vaccine sales

MODERNA reported a surprise third-quarter profit on Thursday (Nov 7), driven by cost cutting and higher-than-expected sales of its Covid-19 vaccine, even with low revenue from its new respiratory sync...

Moderna reported a net loss of US$1.3 billion, or US$3.33 per share, for the second quarter.

Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026

MODERNA on Thursday (Aug 1) cut its 2024 sales forecast for Covid-19 and respiratory syncytial virus vaccines by up to 25 per cent, or US$1 billion, due partly to low Covid sales to the EU that it exp...

Moderna says the funds will be used to complete late-stage development and testing of a pre-pandemic mRNA-based vaccine against H5N1 avian influenza.

US awards Moderna US$176 million to produce bird flu vaccine

Scientists are concerned that the virus will mutate and spread easily among people

Moderna’s shot, called mRESVIA, will compete with products that arrived last year from GSK and Pfizer. 

Moderna’s RSV shot wins FDA approval for use in older adults

MODERNA gained US approval for its RSV vaccine in older adults, giving the biotech company a second product as it seeks to move beyond its reliance on the fading market for Covid-19 shots.

Quarterly revenues of US$167 million topped analysts’ expectations of about US$100 million – but dropped sharply from the US$1.9 billion in sales posted during the same period a year ago.

Moderna beats quarterly estimates as cost-cutting pares losses

Moderna reaffirmed its expectations for about US$4 billion in sales this year after reporting total revenue of about US$6.8 billion last year  

Moderna posted quarterly revenue of US$2.8 billion for its Covid-19 vaccine, including US$800 million in US sales and US$2 billion of international sales.

Moderna beats sales estimates as Covid shot gains market share

Moderna reported fourth-quarter revenue that beat analysts’ expectations by gaining Covid vaccine market share on its rival, Pfizer.

Metagenomi will aim to list on the Nasdaq under the symbol “MGX”.

Moderna, Bayer-backed startup Metagenomi files for US IPO

Metagenomi Technologies, a genetic medicines company backed by Bayer Healthcare and Moderna, filed for an initial public offering (IPO) in the United States on Friday (Jan 5).

According to Oppenheimer, Moderna could have five products on the market by 2026.

Moderna jumps on Oppenheimer upgrade, 2025 sales growth goal

MODERNA shares gained nearly 14 per cent on Tuesday (Jan 2) as brokerage Oppenheimer upgraded the stock to “outperform” and the vaccine maker’s CEO reiterated the company’s goal of achieving sales gro...