Moderna CEO Takes Charge of Sales Amid Push for COVID Vaccine and RSV Launch in 2024
Portfolio Pulse from Benzinga Newsdesk
Moderna, Inc. (NASDAQ:MRNA) is restructuring its operating model to prioritize sales of its COVID-19 vaccine, Spikevax, and the upcoming launch of its RSV vaccine in 2024. CEO Stephane Bancel will take charge of sales and marketing, while President Stephen Hoge will oversee pipeline commercial strategy and Medical Affairs. Arpa Garay, the outgoing Chief Commercial Officer, will advise during the transition before leaving the company.
December 12, 2023 | 1:06 pm
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Moderna's CEO taking over sales could signal a strategic push for Spikevax and RSV vaccine, potentially boosting investor confidence in the company's commercial execution.
The CEO's direct involvement in sales and marketing is typically seen as a positive move, indicating a hands-on approach to driving key product sales. This could reassure investors about the company's commitment to its core products and pipeline, potentially leading to a positive short-term impact on the stock price.
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