{"id":1924273,"date":"2023-05-04T13:11:20","date_gmt":"2023-05-04T17:11:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderna-beats-covid-vaccine-sales-expectations-as-deferred-revenue-rolls-in\/"},"modified":"2023-05-04T13:15:40","modified_gmt":"2023-05-04T17:15:40","slug":"moderna-beats-covid-vaccine-sales-expectations-as-deferred-revenue-rolls-in","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderna-beats-covid-vaccine-sales-expectations-as-deferred-revenue-rolls-in\/","title":{"rendered":"Moderna exceeds COVID vaccine sales forecast with deferred revenue."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmoderna-beats-covid-vaccine-sales-expectations-as-deferred-revenue-rolls-in%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1924273&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Moderna Reports Strong Q1 Sales of $1.9 Billion for COVID-19 Vaccine<\/h2>\n<p>Moderna Inc has reported stronger-than<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-chipotle-says-even-higher-prices-are-likely-as-inflation-keeps-pushing-costs-up\/\" title=\"Bidenflation: Chipotle Says Even Higher Prices Are Likely As Inflation Keeps Pushing Costs Up\">-expected sales<\/a> of $1.9 billion for its COVID-19 vaccine in the first quarter, driven by a surge of revenue deferred from 2022. Shares of Moderna rose 2.5% in premarket trade as the vaccine maker posted a profit of 19 cents per share, compared with analysts\u2019 expectations for a loss of $1.77 per share, in part because sales were higher than expected. The company had reported a profit of $8.58 per share for the first quarter of the previous year.<\/p>\n<h3>Moderna&#8217;s Sales Expectations<\/h3>\n<ul>\n<li>Moderna expects COVID vaccine sales of $5 billion for the year based on advance purchase agreements.<\/li>\n<li>The company is having discussions about new contracts with customers in Europe, Japan, and in the U.S.<\/li>\n<li>Moderna expects an additional $3 billion in deferred vaccine revenue in the second half of 2023.<\/li>\n<\/ul>\n<p>Moderna Chief Commercial Officer Arpa Garay told Reuters, \u201cThis gives us a lot of confidence that we continue to be on track to hit the minimum $5 billion we have in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderna-beats-covid-vaccine-sales-expectations-as-deferred-revenue-rolls-in\/\" title=\"Moderna exceeds COVID vaccine sales forecast with deferred revenue.\">previously signed advanced purchase agreements<\/a>.\u201d Moderna continues to expect the U.S. annual COVID-19 market to be 100 million doses.<\/p>\n<h3>Moderna&#8217;s Future Plans<\/h3>\n<p>Moderna had generated around $36 billion in sales over the last two years from its COVID vaccine, its only <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderna-wont-share-covid-19-vaccine-formula\/\" title=\"Moderna won\u2019t share COVID-19 vaccine formula\">commercial product<\/a> and one of the most widely used shots for the virus. The company is preparing for potential commercial launches of its RSV and flu vaccines in 2024. Longer term, it has also teamed up with Merck &#038; Co Inc on a cancer vaccine that works in concert with Merck\u2019s immunotherapy Keytruda. All of its vaccines are based on the same mRNA platform as its COVID product.<\/p>\n<p>The U.S. Food and Drug Administration is expected to shift to an annual COVID booster campaign with an updated strain, similar to the way Americans get their flu shots.<\/p>\n<p>Moderna&#8217;s results came two days after the company\u2019s rival Pfizer reported better-than-expected COVID vaccine sales for the first quarter and maintained its expectations for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gm-vehicle-sales-tumble-15-percent-as-chip-crunch-supply-snags-drag\/\" title=\"GM Vehicle Sales Tumble 15 Percent as Chip Crunch, Supply Snags Drag\">full-year sales<\/a>. Demand for the vaccine has since fallen globally, and the company in February effectively forecast a possible net loss for 2023, calling it a transition year before it starts sales of its potential new vaccines for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-fda-just-authorized-an-at-home-test-for-covid-19-rsv-and-the-flu\/\" title=\"The FDA Just Authorized an At-Home Test for COVID-19, RSV and the Flu\">respiratory syncytial virus<\/a> (RSV) and flu.<\/p>\n<p>Moderna is a company to watch as it continues to innovate and develop new vaccines to combat various diseases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Patrick Wingrove and Leroy Leo (Reuters) -Moderna Inc on Thursday reported stronger-than-expected sales of $1.9 billion for its COVID-19 vaccine in the first quarter, driven by a surge of revenue deferred from 2022, but left its 2023 sales expectations unchanged. Advertisement Shares of Moderna rose 2.5% in premarket trade as the vaccine maker posted<\/p>\n","protected":false},"author":66,"featured_media":1924274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[4127,25809,16535,16788,3952,14486,5219,3954],"class_list":["post-1924273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-covid","tag-deferred","tag-exceeds","tag-forecast","tag-moderna","tag-revenue","tag-sales","tag-vaccine"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1924273"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1924273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1924274"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1924273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1924273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1924273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}