Moderna walked a tightrope trying to convince shareholders it can both develop a new portfolio of drugs and keep costs down in the process.
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A recent trial showed its new 2-for-1 injection was more effective on both illnesses than existing individual shots.
Moderna says it was willing to licence the tech but now wants to be repaid by rivals for vaccine revenue generated since then.
The company announced positive results in an early-stage trial of the individualized cancer vaccine it developed with Merck.
The company’s stock ran higher after the company buoyed investors’ hopes that its technology will boost a lineup of new popular drugs.
Pfizer’s stock slumped its lowest level in more than 10 years. The world’s moved on from the pandemic, and nobody loves you when you’re down.
Moderna posted a quarterly loss of $3.63 billion, half of which was accounted for by unused Covid-19 shots past their expiration date.
The weight loss drug market could be worth $100 billion in the next few years. Naturally, other companies want in.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.