Trending: Moderna Earnings, Revenue Decline on Lower Vaccine Demand
23 Fevereiro 2023 - 05:21PM
Dow Jones News
1451 ET --Moderna Inc. is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. Shares rose Wednesday after-hours on news of a Food
and Drug Administration Breakthrough Therapy Designation for the
combination of a cancer vaccine candidate and Merck & Co.'s
Keytruda, but the stock declined after Moderna's Thursday earnings
report. Revenue and earnings decreased amid lower demand for its
Covid-19 vaccine. Sales fell 29%, to $5.1 billion. Cost of sales
increased, reflecting factors including higher royalties and
inventory write-offs. Moderna shares were recently down 7%, to
$147.39. Dow Jones & Co. owns Factiva.
(josh.beckerman@wsj.com)
(END) Dow Jones Newswires
February 23, 2023 15:06 ET (20:06 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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