{"id":2073890,"date":"2023-10-20T08:25:02","date_gmt":"2023-10-20T12:25:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderna-shares-slump-amid-concerns-over-covid-19-vaccine-demand\/"},"modified":"2023-10-20T08:26:22","modified_gmt":"2023-10-20T12:26:22","slug":"moderna-shares-slump-amid-concerns-over-covid-19-vaccine-demand","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/moderna-shares-slump-amid-concerns-over-covid-19-vaccine-demand\/","title":{"rendered":"Moderna shares drop due to COVID-19 vaccine demand worries."},"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-shares-slump-amid-concerns-over-covid-19-vaccine-demand%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=2073890&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--><blockquote>\n<h2>Moderna Shares Slump Amid Concerns About COVID-19 Vaccine Demand<\/h2>\n<p>Shares of\u200b pharmaceutical \u200dcompany Moderna have slumped\u200d again amid concerns about COVID-19 vaccine demand in the \u200bUnited States.<\/p>\n<p>Over the past five days, shares\u200b of the\u200b company\u2063 dropped about 18 percent, while over the past month, the stock has decreased\u200b by 20 percent. For all of 2023, meanwhile, shares of \u2063Moderna have plummeted by 54 percent.<\/p>\n<div class=\"my-5\">Notably, the Massachusetts-based firm was the worst-performing stock on the S&#038;P 500 on Monday,\u2064 <a href=\"https:\/\/www.investopedia.com\/moderna-shares-slump-amid-concerns-about-covid-19-vaccine-demand-8361950\" target=\"_blank\" rel=\"noopener\">according<\/a> to\u2063 multiple investment websites.<\/div>\n<\/blockquote>\n<blockquote>\n<h2>Related Stories<\/h2>\n<ul>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/article\/10-million-americans-have-received-new-covid-19-vaccines-us-government-says-5513350?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>10 Million\u200b Americans Have Received Updated \u2062COVID-19 Vaccines, HHS Says<\/h3>\n<p>      <\/a><\/p>\n<p class=\"text-comp-caption\">10\/19\/2023<\/p>\n<\/li>\n<li>\n      <a href=\"http:\/\/www.theepochtimes.com\/opinion\/the-decline-and-near-fall-of-the-covid-vaccine-makers-5513280?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>The Decline and Near Fall of the COVID Vaccine Makers<\/h3>\n<p>      <\/a><\/p>\n<p class=\"text-comp-caption\">10\/19\/2023<\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<blockquote>\n<p>It came after Moderna said in a regulatory \u2064filing that it expects 2023 sales of its vaccine to be between $6 billion and $8 billion, which was a\u2063 reiteration of what it said in a second quarter earnings report. According to <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/moderna-reaffirms-annual-covid-vaccine-sales-forecast-2023-10-16\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>, that \u200dwas a reaffirmation of a previous vaccine sales prediction, despite rival drugmaker Pfizer recently \u200chaving slashed its COVID-19 vaccine sales due to lower demand<\/p>\n<\/blockquote>\n<blockquote>\n<h2>Biden Admin Pushing Vaccination<\/h2>\n<p>Pfizer last week said that it expects sales of its vaccine, which uses mRNA technology\u2062 like Moderna&#8217;s COVID-19 shot, will be\u200b about $2 billion lower\u2063 than its \u200bpreviously expected forecast due to\u2062 lower-than-expected rates of people taking the vaccine.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Both Moderna&#8217;s and Pfizer&#8217;s latest bivalent COVID-19 booster was made available by U.S.\u2064 federal regulators in September. However, according to \u200ddata provided by the Department\u2063 of Health and Human Services, the \u200brollout appears to be relatively slow, with about <a href=\"https:\/\/www.theepochtimes.com\/article\/10-million-americans-have-received-new-covid-19-vaccines-us-government-says-5513350\" target=\"_blank\" rel=\"noopener\">10 million people<\/a>, or 3 percent\u200d of Americans, having taken the shot.<\/p>\n<p>\u201cThe administration \u200bremains\u2064 committed to pulling \u200bevery lever at its disposal during the fall\u2064 respiratory vaccination campaign,\u200d encouraging the American public to stay up to date on their vaccines to keep themselves and their loved ones safe,\u201d a Department of\u2064 Health and Human Services (HHS) spokesperson told The \u200cEpoch\u200d Times on Thursday. \u201cAs a result of these efforts, around 10\u200b million Americans have been vaccinated\u2064 since the updated vaccines were authorized,\u2064 and recommended last month.&#8221;<\/p>\n<p>HHS officials stated \u200dthat they plan to keep distributing more doses of the\u200d vaccines. The \u2062HHS spokeswoman said the government isn\u2019t concerned about possible waste.<\/p>\n<p>\u201cWe\u200b haven\u2019t heard of any concerns about ordering too many\u201d \u200dor not \u200denough children getting them, she said.<\/p>\n<\/blockquote>\n<blockquote>\n<p>Prior data from HHS and the Centers for Disease\u200b Control and Prevention (CDC) has shown \u200bthat about 17 percent of the U.S. population got previously updated vaccines, representing\u200b about 56.5 million people. A recent report from the CDC also shows that <a href=\"https:\/\/www.theepochtimes.com\/us\/cdc-and-doctors-say-fewer-pregnant-women-getting-vaccines-5512768\" target=\"_blank\" rel=\"noopener\">fewer\u2062 pregnant women<\/a> are getting vaccines, including COVID-19 boosters.<\/p>\n<\/blockquote>\n<blockquote>\n<h2>Winter Projections<\/h2>\n<p>Although there has been a drop\u2064 in hospitalizations over several consecutive weeks, the CDC issued a report\u2064 on Oct. 6 saying that COVID-19 remains a \u201cpublic\u200d health \u2063threat\u201d for older Americans and called on people again to get the updated\u200b COVID-19 booster \u2063vaccine. Older adults, it said, make up the majority of hospitalizations \u200cacross the United States, although that has been consistent with historical trends.<\/p>\n<p>The CDC\u200c has said the agency is expecting \u200ba \u201cmoderate COVID-19 wave\u201d for \u2064the coming\u2064 winter, claiming that the peak will match last\u200c winter\u2019s hospitalization figures. \u201cCOVID-19\u200d could peak earlier \u2063than last season, however, because of limited summer activity compared to past years,\u201d the agency \u2064added\u200c in September.<\/p>\n<p>\u201cThis increase could result from the emergence of a new COVID-19 variant with an increased ability to evade the body\u2019s prior immunity, or from a severe influenza season combined with \u2062COVID-19 and RSV waves that are similar to last\u200b year, or, as we saw last\u200d year, an increase in RSV infections,\u201d it said. \u201cA key factor is the timing of the peak number of hospitalizations associated with each\u200c disease \u2064and whether those peaks coincide.\u201d<\/p>\n<\/blockquote>\n<p><em>Zachary Stieber contributed to this report.<\/em><\/p>\n<p> <\/p>\n<h2> How is \u200cthe\u200b Biden administration working with vaccine manufacturers to ensure \u200can adequate supply of\u2063 vaccines?<\/h2>\n<p><span>  Is working closely with vaccine manufacturers to ensure \u2063an adequate supply of vaccines is available to meet demand.<\/p>\n<p>The decrease in Moderna&#8217;s stock can be\u2063 attributed to concerns\u2063 about COVID-19 vaccine demand in the United States. Moderna is one of the leading pharmaceutical companies involved in the development and production of COVID-19 vaccines. However, recent reports suggest\u2064 that the demand for vaccines has\u200c been lower than anticipated.<\/p>\n<p>According to a regulatory filing by Moderna, the company \u2063expects its vaccine sales for\u200c 2023 to be between $6 billion and $8 billion. This is consistent \u200dwith its previous sales prediction. Despite rival drugmaker Pfizer\u2062 recently slashing its COVID-19 vaccine sales forecast due to lower demand, Moderna has reaffirmed \u2064its \u2063sales forecast.<\/p>\n<p>Pfizer, which also uses mRNA technology in its \u2062COVID-19 vaccine, recently \u200dreported that its vaccine sales will \u2062be about $2 billion lower than previously\u200b expected. This is due to lower-than-expected rates \u2064of people taking the\u200b vaccine. Both Moderna and Pfizer&#8217;s vaccines received approval from\u2063 U.S. federal \u2064regulators in September for use as bivalent COVID-19 boosters.<\/p>\n<p>However, the distribution and administration of these vaccines have been relatively slow. According to data provided by the Department of Health\u2062 and\u200d Human Services, only about 10 million people, or 3 percent of Americans, have received the updated vaccines. The Biden administration is pushing for increased vaccination rates and has committed to utilizing all available resources to encourage the American public to stay up to date on their vaccines.<\/p>\n<p>The Department of Health and Human Services\u2064 has stated their intention to continue distributing more doses \u200cof the vaccines. They are working\u2063 closely with vaccine\u2064 manufacturers to ensure a\u2064 steady supply.\u200b The government remains dedicated\u2063 to the \u200cfall respiratory vaccination campaign and is focused on keeping Americans safe.<\/p>\n<p>In conclusion, concerns about COVID-19 vaccine demand\u200c in the United \u200bStates have led to a slump in Moderna&#8217;s stock. Despite \u200creaffirming its sales forecast, the slow rollout and lower-than-expected vaccination rates have impacted the company&#8217;s performance. The Biden administration continues to prioritize\u2063 vaccination efforts and is working closely with vaccine manufacturers to ensure an adequate supply of \u200dvaccines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Moderna, a pharmaceutical firm, continue to decline due to worries about reduced demand for COVID-19 vaccines in the US. In the last five days, the stock fell by 18%, and over the past month, it decreased by 20%. Throughout 2023, Moderna&#8217;s shares have plummeted by a staggering 54%.<\/p>\n","protected":false},"author":58,"featured_media":2073891,"comment_status":"open","ping_status":"closed","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":[543],"tags":[],"class_list":["post-2073890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/2073890","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\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2073890"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2073890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2073891"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2073890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2073890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2073890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}