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Moderna cuts 2021 sales forecast for COVID-19 vaccine; shares tumble – The Japan Times

Moderna said it was now expecting sales of between $15 billion and $18 billion from $20 billion estimated previously.

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Moderna Inc. on Thursday cut its 2021 sales forecast for its COVID-19 vaccine by as much as $5 billion, as it struggles to ramp up production of its two-dose inoculation, sending its shares down nearly 11% in premarket trading.
The company’s sales target…

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