Moderna revenue triples on soaring covid-19 vaccine sales
2 years, 8 months ago

Moderna revenue triples on soaring covid-19 vaccine sales

Live Mint  

Moderna Inc.’s first-quarter sales tripled from a year ago on the back of its Covid-19 vaccine. The biotechnology company’s revenue topped $6 billion in the period ended March 31, beating analyst expectations, driven almost entirely by sales of its mRNA-based vaccine. The Cambridge, Mass.-based company’s so-called Spikevax shot received full approval from the Food and Drug Administration in January, making it the second vaccine to do so after one from Pfizer Inc. and BioNTech SE. The company said Wednesday that it aims to have four vaccine programs in late-stage studies in the second quarter, including its Omicron-specific booster and a seasonal flu shot.

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