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Spikevax (COVID-19 vaccine) sales in the quarter were down 44% to $1.8 billion while R&D expenses increase 41% to $1.2 billion.
November 2, 2023
By: Kristin Brooks
Managing Editor, Contract Pharma
Moderna 3Q Revenues: $1.8 billion (-46%) 3Q Loss: $3.6 billion (earnings were $1.0 billion 3Q22) YTD Revenues: $4.0 billion (-72%) YTD Loss: $4.9 billion (earnings were $6.9 billion YTD22) Comments: Spikevax (COVID-19 vaccine) sales in the quarter were $1.8 billion, down 44% primarily driven by lower sales volume and partially offset by a higher average selling price. The Company expects the launch of its RSV vaccine in 2024. Moderna has submitted marketing authorization applications g...
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