Advertisements – Advertising at The News And Times – advertising-newsandtimes.com | WE CONNECT!

Audio | Video | Top News | On Twitter | Security | FBI | Capitol Riot | JOSSICA | Trump | Russia | Putin | Russia – Ukraine War | Covid-19 | Brooklyn NY | Puerto Rico | World 

My News Links

August 16, 2022 5:51 pm

The News And Times | Featured Posts | All Articles | Current News | Selected Articles | Shared Links | Opinions | In My Opinion | Sites | Blogs | Links | Twitter | Facebook

Categories
Current News

Moderna maintains vaccine sales view as demand from low-income nations eases

Advertisements - Advertising at The News And Times - advertising-newsandtimes.com | WE CONNECT!
Spread the news

Listen to this article
2022-08-03T11:22:25Z

Syringes with needles are seen in front of a displayed Moderna logo in this illustration taken November 27, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Moderna Inc (MRNA.O) on Wednesday retained its full-year sales outlook for COVID-19 shot at $21 billion due to decreasing orders from low- and middle-income countries through the COVAX international vaccine-sharing program.

Advertisements - Advertising at The News And Times - advertising-newsandtimes.com | WE CONNECT!

The unchanged forecast came despite Moderna’s $1.74 billion deal last week with the U.S. government for 66 million doses of a vaccine updated for Omicron subvariants. read more

“It’s because of COVAX. As you remember, we have a partnership with COVAX to supply product to low-income countries. COVAX does not want the doses that they have ordered,” Chief Executive Stephane Bancel told Reuters.

Market expectations of an increase in vaccine sales have been dropping, with analysts divided on the sustainability of that dizzying growth beyond 2022 on doubts over demand for booster doses.

Moderna reported $4.5 billion in sales of its shot in the second-quarter ended June 30. Three analysts polled by Refinitiv had expected quarterly sales of $3.16 billion.

Shares of the company rose 3.5% to $166.47 in premarket trading after Moderna announced a $3 billion share buyback plan.


Spread the news
Advertisements - Advertising at The News And Times - advertising-newsandtimes.com | WE CONNECT!
WP Radio
WP Radio
OFFLINE LIVE