Moderna expects $18.4 billion in 2021 sales


A Moderna (COVID-19) vaccine is seen at the LA Mission homeless shelter on Skid Row, in Los Angeles, California, U.S., February 10, 2021.

Lucy Nicholson | Reuters

Moderna said Thursday it expects to generate $18.4 billion in sales from its Covid-19 vaccine this year.

In releasing its fourth-quarter earnings, Moderna also said its chief medical officer, Tal Zaks, will leave the company in late September. The company said it has retained Russell Reynolds “to recruit for a new CMO with global and commercial experience.”

Shares of Moderna were up 3.9% in premarket trading.

The news comes a day after the company said it was expecting to produce at least 700 million Covid vaccine doses this year.

Source cnbc.com

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