Moderna (MRNA) Q4 Revenue Beats, Chief Medical Officer to Depart

February 25, 2021 7:06 AM EST

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Moderna (NASDAQ: MRNA) reported Q4 EPS of ($0.69), $0.34 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $571 million versus the consensus estimate of $279.41 million.

2021 Vaccine Manufacturing: Raises lower end of global manufacturing plan for 2021 from 600 million doses to 700 million doses; manufacturing is still working to supply up to 1 billion doses for 2021

2022 Vaccine Manufacturing: Based on the high demand from around the world for our COVID-19 vaccine and variant-based boosters, making new capital investments to increase capacity up to 1.4 billion doses in 2022

  • Moderna‚Äôs Chief Medical Officer (CMO), Tal Zaks, M.D., Ph.D., will be leaving the Company in late September after six years of service. The Company has retained Russell Reynolds to recruit for a new CMO with global and commercial experience as the Company scales up the launch of its COVID-19 Vaccine and prepares to file several biologics license applications (BLAs) over the next few years.

For earnings history and earnings-related data on Moderna (MRNA) click here.

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