Posted on 09/13/2024 10:41:56 AM PDT by Vendome
Moderna Inc.’s cost-reduction plans, pipeline cuts and reined-in financial guidance, unveiled Thursday, triggered a wave of downgrades as analysts focused on longer timelines to launch some products and questioned when the company will return to profitability.
One key concern: The company’s full-year 2025 revenue guidance, issued Thursday, is nearly 8% lower, at the midpoint, than its full-year 2024 guidance — which was recently trimmed back. The 2025 forecast, on the heels of the 2024 guidance cut issued when Moderna reported second-quarter earnings, “is likely making investors lose confidence” and battering the stock, Evercore ISI analyst Cory Kasimov said in a research note Thursday.
Some analysts also questioned Moderna’s new timeline for breaking even. The company said Thursday that it aims to break even in 2028 on an operating-cash-cost basis with $6 billion in revenue, whereas it was previously looking to break even in 2026.
The updates Thursday compound investors’ worries about how Moderna will weather plunging demand for COVID-19 vaccines and an underwhelming launch this year for its second product, mResvia.
(Excerpt) Read more at msn.com ...
Pfizer far behind?
Naw. Pfizer was an established company.
Moderna was always a fake company that had no relevant or successful products and doesn’t look they will for years to come.
Die already!
Thanks for the info. Next for me is the Flu shot only.
Careful:
These guys are Three Monty:
The biotech company aims to secure ten new product approvals by 2027, including vaccines for RSV and a flu-COVID combination shot.
Clearly, government must grant Moderna product liability immunity, rush more medication through the approval process and mandate the everyone take it.
Damned poison peddlers deserve bankruptcy.
I’ll be using the Liberal standby excuse, ‘my body - my choice’ for the Flu shot only.
IIRC
there was an article a while back that stated the flu shot will be mandatory combined with Covid
Good luck with mandatory. Here in Florida it’s recommended like w/ the CDC.
Were they the company that created 9 new billionaires from killing millions of people?
One of them. They must have sucked all the covid money down and now they’re broke. Time to sue them into oblivion.
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