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Moderna lays out plan to slice research and development spending, ETHealthworld

Pelican Press

By Pelican Press,
in World News

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Washington: Shares of Moderna tumbled early Thursday after the vaccine developer said it was cutting research and development spending and pushed back its time frame for breaking even. The company also forecast a 2025 revenue range that fell below Wall Street expectations. Moderna said it planned an approximately 20 per cent reduction in expected research and development expenses for 2025 to…

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