International Companies

Moderna to slash R&D budget, shares fall

By Abigail Townsend

Date: Thursday 12 Sep 2024

(Sharecast News) - Shares in Moderna tumbled 11% in pre-market trading on Thursday, after the US biotech detailed plans to cut its research budget by more than $1bn.
The Nasdaq-listed firm said it would focus on ten product approvals through 2027, including a next-generation Covid vaccine and combined 'flu and Covid...

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