"Moderna's Next-Gen COVID Vaccine Surpasses Approved Version in Phase 3 Trials"

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Source: CNBC
"Moderna's Next-Gen COVID Vaccine Surpasses Approved Version in Phase 3 Trials"
Photo: CNBC
TL;DR Summary

Moderna is moving three experimental vaccines for norovirus, Epstein-Barr virus, and varicella-zoster virus into final stage studies as it seeks to diversify its product portfolio beyond the Covid-19 vaccine. The company also announced positive clinical trial data on its "next-generation" Covid-19 shot and entered a funding agreement with Blackstone Life Sciences to advance its flu shot program. Moderna's CEO emphasized the focus on execution to address significant unmet medical needs, but the company expects revenue to fall before growing again in 2025 and breaking even in 2026.

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