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Buyer Beware: Covid-19 Vaccine Maker Moderna Is Valued In The Stratosphere – Forbes

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Moderna is front and center in the race to develop a vaccine for Covid-19. In a press release on Monday it stated, “With today’s positive interim Phase 1 data and the positive data in the mouse challenge model, the Moderna team continues to focus on moving as fast as safely possible to start our pivotal Phase 3 study in July and, if successful, file a BLA (Biologics License Application).”

The company has also been cited by Dr. Anthony Fauci who expressed “cautious optimism” Friday about the initial results from a coronavirus vaccine trial — which were widely celebrated this week — and said it remains “conceivable” that a vaccine for the deadly pathogen could be available by the end of the year per an NPR report.

[I am not in a position to offer judgment on the medical aspects of Moderna’s trial results and outlook. What I am providing are the historical financial results of the company, how the stock is valued and what it could mean for the shares.]

Historical financial results

Moderna has not sold any products to generate revenue. It has relied upon collaboration revenue from other companies and grants to…



Read More: https://www.forbes.com/sites/chuckjones/2020/05/23/buyer-beware-covid-19-vaccine-maker-moderna-is-valued-in-the-stratosphere/

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Source: https://www.forbes.com/sites/chuckjones/2020/05/23/buyer-beware-covid-19-vaccine-maker-moderna-is-valued-in-the-stratosphere/

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