Shares of Moderna (MRNA) have been falling this week after the biotech company pushed back its break-even goal by two years and predicted 2025 sales to come ...
) have been falling this week after the biotech company pushed back its break-even goal by two years and predicted 2025 sales to come below its forecast for the current year. Moderna also delayed the timeline for developing key products, sending shares close to a four-year low.
"Two things are going to occur. One is that they are going to burn a significant amount of cash in that time point. We're calling for the potential risk of needing to raise capital... And the second is that we believe there's concerns over some of their projections as it relates to the pipeline. And so we just don't think that that revenue or break-even timeline is possible. We think they're going to have to raise money.
Their shares are close to a four year low, and our next guest slashed is rating on the vaccine maker to hold from by.So you you do take the rating annual hold Michael, to explain why explain the downgrade?Uh, the first, uh, was that they lowered guidance uh, for 2020 before on covid and RSB, uh, two, areas that both have been disappointing.
They now have the RSV vaccine approved, and I will even go on record to say it's very possible that the CM VA another virus, particularly that can affect babies, may have positive day in the next couple of months.I think that where we know is that it's very good for respiratory vaccines and preventing, uh, obviously respiratory diseases.And obviously part of the issue here, particularly with RSV, is that they were not able to hit any of the sales projections.And you might mention cancer.
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