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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Moderna Stock Plummets 16% After £819.59M Guidance Cut Over Respiratory Vaccine Flop

Moderna Vaccine Stephane Bancel MRNA
Moderna is expediting its cost-cutting program.

Vaccine maker Moderna's (NASDAQ: MRNA) stock prices fell by over 16% on 13th January to close at £28.81 ($35.15) after the company trimmed its 2025 revenue guidance to between £1.22 billion ($1.5 billion) and £2.04 billion ($2.5 billion) from its previous estimate between £2.04 billion ($2.5 billion) and £2.86 billion ($3.5 billion).

Wall Street expected a sales outlook of £2.39 billion ($2.92 billion). One year ago, analysts predicted Moderna's 2025 sales to reach £4.1 billion ($5 billion).

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