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Yahoo BusinessAug 05, 2020
Moderna Posts Q2 Beat, Closes In On Coronavirus Vaccine Deal With Swiss Government
Moderna Inc (NASDAQ: MRNA) shares were moving to the downside Wednesday despite the coronavirus vaccine developer reporting forecast-beating second-quarter results and reports of a potential deal with the Swiss government.Moderna's Q2 Report: Cambridge, Massachusetts-based Moderna said its second-quarter revenue increased from $13.1 million in 2019 to $66.4 million in 2020, exceeding the $27.43-million consensus estimate.The company attributed the higher revenue to increased collaboration revenues from AstraZeneca plc (NYSE: AZN) and incremental BARDA funding.The loss per share narrowed from 41 cents to 31 cents, despite R&D expenses climbing about 18%. The Street was expecting a loss of 35 cents per share. The company ended the quarter with cash, cash equivalents and investments of about $3.1 billion. Moderna raised $1.3 billion in net proceeds with a public equity offering in May.Moderna said it has received about $400 million in customer deposits as of July 31 for potential supply of its coronavirus vaccine candidate, mRNA-1273.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Moderna Analyst Says Government Funding Key: On the earnings call, the company said it has executed smaller volume agreements for mRNA-1273 at $32-$37 per dose, and it expects to negotiate larger volume contracts at lower prices in the future, SVB Leerink analyst Mani Foroohar said in a note."We continue

Google Business NewsAug 05, 2020
Moderna details coronavirus vaccine pricing as orders roll in - Fox Business
Moderna details coronavirus vaccine pricing as orders roll in  Fox BusinessU.S. government to pay $1 billion for 100 million doses of Johnson & Johnson Covid-19 vaccine  CNBC TelevisionModerna is pricing coronavirus vaccine at $32 to $37 per dose for some customers  CNBCCoronavirus updates: Johnson & Johnson, US cut vaccine deal; Chicago schools to start online; Florida surpasses 500,000 cases  USA TODAY

Google Business NewsAug 05, 2020
US strikes deal for 100 million vaccine doses from Johnson & Johnson - Business Insider - Business Insider
US strikes deal for 100 million vaccine doses from Johnson & Johnson - Business Insider  Business InsiderModerna is pricing coronavirus vaccine at $32 to $37 per dose for some customers  CNBCModerna details coronavirus vaccine pricing as orders roll in  Fox BusinessWhy Americans Fear the COVID-19 Vaccine  ReasonTV
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