Moderna beats estimates despite inevitable hit to vaccine sales

5 May 2023

US mRNA specialist Moderna has reported first-quarter revenues of $1.86 billion.

This represents a fraction of the $5.93 billion reported in the same period last year, due to an inevitable decline in demand for Moderna’s SpikeVax COVID-19 vaccine, the company’s old on-market product.

But the revenue figure still exceeded the $1.18 billion expected by analysts, based on a survey by Refinitiv.

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