Moderna's stock plunges as it projects a significant drop in 2025 revenue due to lower vaccine demand.

Moderna's stock fell sharply after the company projected a significant drop in 2025 revenue, from $3.1 billion in 2024 to between $1.5 billion and $2.5 billion. This decline is due to reduced demand for its COVID-19 vaccine, Spikevax, and underperformance of its RSV vaccine. Moderna plans to cut costs by $1 billion in 2025 and an additional $500 million in 2026 to offset the revenue shortfall. Shares dropped 19% in early trading.

2 months ago
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