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Sales forecasts take a tumble
Posted 17 January 2025 AM
Two companies - Moderna and Lilly - trimmed their sales forecasts this week and investors weren't happy, sending their respective share prices into a fall.
Moderna cut its 2025 revenue estimate by US$1 billion as it continues to wrestle with a diminishing Covid vaccine market and a slower than hoped RSV launch. The company's stock dropped 20 per cent on the news.
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Posted 17 January 2025 AM
Two companies - Moderna and Lilly - trimmed their sales forecasts this week and investors weren't happy, sending their respective share prices into a fall.
Moderna cut its 2025 revenue estimate by US$1 billion as it continues to wrestle with a diminishing Covid vaccine market and a slower than hoped RSV launch. The company's stock dropped 20 per cent on the news.
To see the whole article, please login
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