Moderna mauled on slimmed down R&D budget

12 September 2024

US mRNA specialist Moderna (Nasdaq: MRNA) was trading 18% lower early in Thursday’s trading.

The company—which entered the big-time through its successful development of the Spikevax COVID vaccine—earlier gave an update on its latest plans for spending its cash in a bid to deliver future growth.

During the annual R&D day event, Moderna’s updates included data readouts in the company's respiratory vaccine portfolio and a revised financial framework.

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