Course collapse for Moderna after lowered forecast

The pharmaceutical company Moderna's share plummeted by 18 per cent in Monday's futures trading on Wall Street. A significant downward revision of the sales forecast for 2025 is behind the price drop.

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Course collapse for Moderna after lowered forecast
Photo: Melissa Phillip/Houston Chronicle AP/TT

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An unexpectedly large decline in demand for vaccines against, among other things, covid-19 and RS-virus creates more headwind than expected for the company.

The revenue this year is now expected to remain at 1.5-2.5 billion dollars. Previously, it was at 2.5-3.5 billion, with an average forecast among analysts of 2.9 billion according to Bloomberg.

According to preliminary calculations, Moderna's sales in 2024 amounted to 3.0-3.1 billion dollars.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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