With the pandemic in the past, the Cambridge-based biotech company has struggled to maintain success, now announcing it will cut 20% of its R&D budget by 2027. Moderna (NYSE: MRNA) stock plunged Thursday on news it will be slashing its research and development budget by about 20% over the next three years, a result of low sales projections and poor vaccine sales.

Topics:  cambridge-based   r&d   moderna nyse   mrna    stock   company   poor   research   vaccine sales   budget   
BING NEWS:
  • Moderna, Inc. (MRNA)
    And then also there is this potential for the CMV vaccine which is going ... programs to save costs. Moderna stock tumbled after the company cut its 2024 sales outlook and 2027 R&D budget.
    09/13/2024 - 5:01 am | View Link
  • Moderna (NASDAQ:MRNA) Stock Falls 12% as R&D Budget Is Cut by $1B
    Moderna’s ($MRNA) stock fell 12% and closed at its lowest level since the COVID-19 pandemic began in 2020 on news that the pharmaceutical company ...
    09/12/2024 - 2:00 pm | View Link
  • Moderna stock plunges nearly 20% as company reports poor COVID-19 vaccine sales and cuts to research plans
    Moderna (NYSE: MRNA) stock plunged Thursday on news it will be slashing its research and development budget by about 20% over the next three years, a result of low sales projections and poor vaccine ...
    09/12/2024 - 7:55 am | View Link
  • Moderna Stock Plunges as Vaccine Maker Slashes R&D Budget: What to Know
    Moderna stock is plunging Thursday after the COVID-19 vaccine maker announced plans to drastically cut its R&D spending to focus on new product approvals.
    09/12/2024 - 4:02 am | View Link
  • Why is Moderna’s stock crashing today? Here’s what we know
    Moderna’s stock has seen an extended downtrend since peaking above $480 in late 2021. After crashing to below $70 in November last year, the stock experienced a strong medium-term rally that took it ...
    09/12/2024 - 2:48 am | View Link
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