Forbes - Moderna stock drops to eight-month low

ADVERTISEMENT

Moderna stock fell 4.4% today, closing at $160.07. That’s an eight-month low for the vaccine maker’s stock, which have fallen over 20% in the past week. Jeffries analyst Michael Yee put part of the blame on “overly high expectations” set last year. But he adds that falling share price puts Moderna’s valuation more in line with other biotech companies. Wall Street expects the company’s Covid vaccine sales will fall over the next few years as Covid becomes endemic and competition increases. On the bright side, Bank of America Geoff Meachem said the company's $17 billion in cash can serve as a source of opportunity for the company, and UBS analyst Eliana Merle is optimistic about long-term prospects for the company as it works to make vaccines for other diseases. The company is currently in clinical trials for a combination Covid/flu booster shot, and has plans to one day have a single shot that provides a booster vaccination for Covid, flu, RSV and possibly even some common colds.  

Do you have comments or questions? Email us at health@forbes.com

Alex Knapp

Alex Knapp

Senior Editor, Healthcare & Science

 
What You Need To Know About How Well Vaccines Protect You Against Omicron
 
 
 
What You Need To Know About How Well Vaccines Protect You Against Omicron

The omicron coronavirus variant has spread rapidly around the world, with fully vaccinated people increasingly reporting Covid-19 infections and governments accelerating booster campaigns to control the outbreak, but with evidence mounting that protection from booster shots also wanes, how well do vaccines protect against the virus?

Read The Full Story →
 

ADVERTISEMENT

More Covid News

Yet more research has determined that Covid-19 vaccines do not interfere with fertility—but that Covid-19 infections can.

The CDC
will not update its definition of “fully vaccinated” to include booster shots, but will instead only consider Americans “up to date” with their Covid-19 vaccinations if they’ve gotten the booster when eligible - which raises new questions about vaccine mandates.

Getting the
whole world vaccinated for Covid-19 means providing countries with the logistical and medical resources needed to actually get vaccines into people’s arms.

U.K. health officials are
investigating a sub-lineage of the omicron coronavirus variant—known as BA.2 and nicknamed by some scientists as “stealth omicron”—that appears to be outpacing other forms of the variant around the world. 

A federal district judge in Texas
temporarily blocked the Biden administration’s Covid-19 vaccine mandate for federal employees

What Else We Are Reading

Forbes

You’ve received this email because you’ve opted in to receive Forbes newsletters.

Unsubscribe from Forbes InnovationRx: Coronavirus.

Manage Email Preferences | Privacy

Forbes Media | 499 Washington Blvd.

Jersey City, NJ 07130

Older messages

The Best Appliance Sales And Deals To Shop Right Now

Friday, January 21, 2022

Plus: This Compact LG Dolby Atmos Soundbar Is $200 Off During Best Buy's Current Sale All products and services featured are independently selected by Forbes Vetted contributors and editors. When

A Rare $45 Million For Women-Led Enterprise Tech Company | Microsoft's Biggest Acquisition Yet

Friday, January 21, 2022

Plus: Twitter Rolls Out NFT Profile Pictures—Fueling A New Rat Race With Facebook ADVERTISEMENT Forbes | Under 30 Last March, 29-year-old Melanie Fellay announced her employee training startup Spekit

Twitter Ticks NFTs | Serena’s Crypto Smash | The Amazon Mall Experience

Friday, January 21, 2022

Plus: The World's Most Valuable Sports Empires 2022 ADVERTISEMENT Forbes Good morning. Twitter has unveiled a new feature that will allow owners of non-fungible tokens to verify and show off their

Cold war 🥶

Friday, January 21, 2022

CryptoCodex Forbes Billy Bambrough Forbes Senior Contributor Forbes Happy Friday! This is Billy Bambrough, here with your latest batch of crypto news and analysis. Was this newsletter forwarded to you?

French vaccine shows positive results against omicron

Thursday, January 20, 2022

Plus: Pandemic stock darling Peloton halts production of fitness products ADVERTISEMENT Forbes | InnovationRx French biotech company Valneva said that three doses of its Covid-19 vaccine neutralized

You Might Also Like

Numlock News: March 29, 2024 • Trading Cards, Kite Fights, Breadfruit

Friday, March 29, 2024

By Walt Hickey Have a great weekend! Kite Fighting A popular competitive sport in Brazil is kite fighting, where competitors try to cut down their opponents kites while avoiding getting their own kite

☕️ Floppy-haired fraudster

Friday, March 29, 2024

SBF is sentenced to 25 years... March 29, 2024 View Online | Sign Up | Shop Morning Brew PRESENTED BY Impact.com Good morning. Today marks one year since Evan Gershkovich, a 32-year-old American Wall

AI hallucinates software packages and devs download them – even if potentially poisoned with malware [Fri Mar 29 2024]

Friday, March 29, 2024

Hi The Register Subscriber | Log in The Register {* Daily Headlines *} 29 March 2024 Illustration of someone in a hoodie looking at a bench with a cloud over it AI hallucinates software packages and

What A Day: Clown by law

Friday, March 29, 2024

Trump's lawyers are having another rough one. And the mainstream media could learn a lesson from the legal world about handling corruption. Thursday, March 28, 2024 BY CROOKED MEDIA —Steve Bannon,

🌶️ Is it getting hot in here?

Friday, March 29, 2024

Introducing our theme for April plus fun stuff to read, watch, and click on. March 28, 2024 Open in new tab Did a friend forward this? Subscribe today! April's Theme is SPICY It was chosen by our

What 58 Famous People Smell Like

Friday, March 29, 2024

Here's what you missed on the Strategist. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission. What

Trump Would Need New Tactics to Steal the 2024 Election

Thursday, March 28, 2024

Columns and commentary on news, politics, business, and technology from the Intelligencer team. Intelligencer early and often Trump Would Need New Tactics to Steal the 2024 Election Many avenues Trump

Let’s go fast

Thursday, March 28, 2024

Plus: The worst cleaning tool we've ever tried ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Friday Briefing: Sam Bankman-Fried gets 25 years

Thursday, March 28, 2024

Plus, three video game adventures for the weekend. View in browser|nytimes.com Continue reading the main story Ad Morning Briefing: Asia Pacific Edition March 29, 2024 Author Headshot By Justin Porter

Elevate Your Events: Exclusive Discount Inside!

Thursday, March 28, 2024

Explore the future of events at #NWES2024, April 3-4 in Seattle! GeekWire is pleased to present this message to our Pacific NW readers. Explore the future of events at #NWES2024, April 3-4 in Seattle!