Moderna posts bigger loss than expected as vaccine maker scales down manufacturing
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Moderna reported a larger-than-expected quarterly loss due to a charge related to scaling down manufacturing as demand for its COVID-19 vaccine weakens.
February 14, 2025 | 11:45 am
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Moderna reported a larger-than-expected quarterly loss due to a charge from scaling down manufacturing, reflecting reduced demand for its COVID-19 vaccine.
The larger-than-expected loss is directly tied to Moderna's efforts to reduce manufacturing in response to lower vaccine demand. This financial result is likely to negatively impact investor sentiment and the stock price in the short term.
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