Moderna Implements Portfolio Prioritization And Cost Efficiencies To Reduce R&D Expense By $1.1 Billion, From $4.8B In 2024 Estimated To $3.6B-3.8B In 2027
Portfolio Pulse from Benzinga Newsdesk
Moderna is implementing portfolio prioritization and cost efficiencies to reduce its R&D expenses by $1.1 billion, from an estimated $4.8 billion in 2024 to $3.6-$3.8 billion by 2027.
September 12, 2024 | 10:06 am
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Moderna is reducing its R&D expenses by $1.1 billion over the next few years, which could improve its financial health and potentially boost investor confidence.
The reduction in R&D expenses by $1.1 billion indicates a strategic move by Moderna to optimize its financial resources. This could lead to improved profitability and investor sentiment, positively impacting the stock price in the short term.
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