Home » Health » “Moderna Reports $79 Million Profit in Q1 2021, Signals Growth with New Contracts and Product Pipeline”

“Moderna Reports $79 Million Profit in Q1 2021, Signals Growth with New Contracts and Product Pipeline”

New York, May 4 The American pharmaceutical Moderna had a profit of 79 million dollars between January and March, far from the 3,657 million dollars (3,318 million euros) that it earned in the first quarter of last year thanks to the sales of its vaccine against covid-19 , but above market expectations.

With the pandemic under control and the consequent drop in vaccine sales, Moderna had a turnover of 1,862 million dollars in the first three months of the year, compared to 6,066 million dollars a year ago.

Those revenues were higher than expected by analysts, thanks in large part to payments from 2022 vaccine contracts that had been deferred, sending shares of the company higher on Wall Street, which gained 3.4% half an hour later. of the opening

For the whole of this year, Moderna maintained its forecast of entering some 5,000 million dollars thanks to the vaccine against covid-19.

The company, in a statement, was optimistic about new contracts it is signing in the United States for the fall and said it is also in similar talks in other markets such as Japan, the European Union and Australia.

In addition, Moderna is preparing the potential launch in 2024 of an adult respiratory syncytial virus (RSV) vaccine and other new products. EFE

mvs/fjo/rrt

2023-05-04 14:34:18
#Modernas #profit #falls #due #sales #vaccines #exceeds #expectations

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