Posted on 01/15/2025 1:24:31 PM PST by nickcarraway
Shares of Moderna Inc. fell sharply on Monday after the biotech firm projected a steep decline in 2025 revenues, falling below Wall Street expectations.
The company, known for its COVID-19 vaccine, Spikevax, said it expects revenue to range between $1.5 billion and $2.5 billion in 2025, compared to as much as $3.1 billion in 2024 and $19 billion during the peak of the pandemic.
Why It Matters Moderna's revenue and stock price have steadily declined since global demand for COVID-19 vaccines has dwindled. During 2020 and 2021, the company generated massive revenues, fueled by its breakthrough mRNA technology. However, as vaccination rates stabilized and the pandemic shifted into an endemic phase, sales of Spikevax plummeted.
The company's newer product, an RSV (respiratory syncytial virus) vaccine, has also underperformed, contributing "minimal sales" in 2024. Analysts' concerns were heightened by the company's revised sales forecast for 2024, which projects $3 billion to $3.1 billion, falling at the low end of previous estimates.
Moderna Vaccine Sales Drop
The announcement sent Moderna shares tumbling by 19 percent to $34.07 in early trading.
CEO Stéphane Bancel said during Monday's announcement that the company will accelerate cost-cutting measures, aiming to reduce cash costs by $1 billion in 2025 and by an additional $500 million in 2026. Despite these efforts, questions remain about whether Moderna can stabilize its financial outlook as it bets on experimental vaccines and other drugs in its pipeline.
(Excerpt) Read more at newsweek.com ...
And the market’s on fire today after the CPI and PPI reports.
Moderna and Pfizer should have their stock trading looked in to. The information presented to the public doesn’t seem to be accurate.
No more shots for our family. They lied about the Covid 19 shot and now they are paying the price for it.
Are they?
I wish there were technology available to reverse all effects and erase all the genetic info that they say doesn’t exist. After the shots, 3 young members of my family were diagnosed with have autoimmune disorders. A company could get rich reversing and fixing the damage.
That’s the business model. Get people on the prescriptions conveyor belt - never focusing whatsoever on cures. Just lifetime treatments. Next up…
In Heaven, when these CEO’s are judged, remind me to stand a few miles away so I don’t get hit by the flaming shrapnel.
These are going to be people who pray to be annihilated. Many believe this but that doesn’t happen. Annihilation is an easy out, because the pain ends. Eternity in hell is far worse.
Agreed
I sure do miss bagster
He took no prisoners
I think President JackAss banned both of them from being sued.
GOOD !!! NOW JUST GO BANKRUPT AND OUT OF BUSINESS !!!
I made huge $$$ investing in moderna at the beginning of the pandemic and then got out once things were calming down.
I knew their products were garbage, but the government was forcing everyone to use them multiple times and saw an opportunity.
They need some “boo$ter$”
“After the shots, 3 young members of my family were diagnosed with have autoimmune disorders”
I’ve seen the same in many patients. The covid jabs screw up the immune system among dozens of other adverse effects:
https://pmc.ncbi.nlm.nih.gov/articles/PMC9167431/
“The study showed that immune function among vaccinated individuals 8 months after the administration of two doses of COVID-19 vaccine was lower than that among the unvaccinated individuals. According to European Medicines Agency recommendations, frequent COVID-19 booster shots could adversely affect the immune response and may not be feasible.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.