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Stock impact report

Moderna beats Wall Street estimates for first-quarter profit and sales [Yahoo! Finance]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
Company Research Source: Yahoo! Finance
company's cost-cutting efforts following waning post-pandemic demand for its COVID-19 vaccine. The U.S. vaccine maker also said it did not expect to get regulator approval for its combination shot to protect against both COVID-19 and influenza until 2026, after the U.S. Food and Drug Administration said it required late-stage data demonstrating the shot's efficacy against the flu. Moderna previously said it hoped to launch the vaccine for the autumn respiratory disease season in 2025 or 2026. The Cambridge, Massachusetts-based drugmaker said it plans to cut its adjusted operating costs by as much as $1.7 billion by 2027 compared to its estimate for this year. It expects operating costs for 2027 to be between $4.7 billion and $5 billion, the company said. Finance chief James Mock said in an interview Moderna expects those costs to fall as it completes several late-stage vaccine trials. Moderna posted an adjusted loss of $2.52 per share for the quarter, beating analysts' estimat Show less Read more
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