Sign in

    Moderna Inc (MRNA)

    You might also like

    Moderna, Inc. is a biotechnology company specializing in the development of medicines using messenger RNA (mRNA) technology. The company's mRNA platform is designed to instruct the body’s cells to produce proteins that offer therapeutic or preventive benefits, targeting a wide range of diseases including infectious diseases, immuno-oncology, rare diseases, and autoimmune diseases . Moderna's first commercial product is the COVID-19 vaccine, marketed as Spikevax®, which has been adapted to address emerging SARS-CoV-2 strains . The company offers vaccines for COVID-19, respiratory syncytial virus (RSV), and seasonal flu, and is advancing a pipeline of 45 development programs to diversify its product offerings .

    1. COVID-19 Vaccine (Spikevax®) - Developed to combat COVID-19, this vaccine has been a major revenue driver and is adapted to address emerging SARS-CoV-2 strains .
    2. Respiratory Syncytial Virus (RSV) Vaccine (mRESVIA®) - Approved in 2024, this vaccine is expected to contribute to revenue as it launches in the U.S. and other markets .
    3. Seasonal Flu Vaccine - Targets seasonal influenza, aiming to provide preventive benefits against flu strains.
    4. Combination Vaccine for Flu and COVID-19 - Combines protection against both flu and COVID-19, offering a comprehensive solution for respiratory illnesses.
    5. Pipeline of Development Programs - Includes 45 development programs with 40 candidates in clinical studies, focusing on diversifying product offerings beyond COVID-19 .
    NamePositionExternal RolesShort Bio

    James Mock

    Executive

    Chief Financial Officer

    None

    James Mock joined Moderna as CFO in September 2022, overseeing financial planning, investor relations, and other financial functions.

    Shannon Thyme Klinger

    Executive

    Chief Legal Officer and Corporate Secretary

    President of the Moderna Charitable Foundation

    Shannon Klinger joined Moderna in June 2021, overseeing legal matters, ESG strategy, and global security.

    Stéphane Bancel

    Executive

    Chief Executive Officer

    Venture Partner at Flagship Pioneering

    Stéphane Bancel has been the CEO of Moderna since October 2011, leading the company through significant growth and innovation, including its contributions to public health during the COVID-19 pandemic.

    View Report →

    Stephen Hoge

    Executive

    President

    None

    Stephen Hoge joined Moderna in January 2013 and has served as President since February 2015, overseeing R&D and commercial strategy.

    Abbas Hussain

    Board

    Director

    Chairman of Asceneuron SA; Director for Mallinckrodt Pharmaceuticals; Director for Alfasigma SpA; Advisor to 4Bio Capital

    Abbas Hussain joined Moderna's Board in October 2024, bringing over 35 years of leadership experience in healthcare.

    David Rubenstein

    Board

    Director

    Co-Founder and Co-Chairman of The Carlyle Group; Chairman of various organizations including the Council on Foreign Relations and National Gallery of Art

    David Rubenstein joined Moderna's Board in August 2024, leveraging his extensive experience in investing and global policy.

    Elizabeth Tallett

    Board

    Director

    Director at Elevance Health, Inc.; Director at Qiagen, Inc.; Chair of the Board of Trustees at Solebury School

    Elizabeth Tallett has been a director since 2020, providing strategic insight based on her extensive experience in the pharmaceutical industry.

    Noubar Afeyan

    Board

    Chairman of the Board

    Founder, Senior Managing Partner, and CEO of Flagship Pioneering; Member of MIT Corporation

    Co-founder of Moderna, Noubar Afeyan has been Chairman since 2012, playing a pivotal role in shaping the company's strategic direction and growth.

    Paul Sagan

    Board

    Director

    Catalyst Advisor at General Catalyst

    Paul Sagan has been a director at Moderna since 2018, bringing expertise in finance, accounting, and digital technologies.

    1. Given the delays in securing full contracting seasons, how do you plan to maximize sales of your approved products, such as Spikevax and mRNA-1345, especially in light of the competitive environment in the U.S. COVID-19 vaccine market?
    2. Can you provide detailed insights into your reserve return assumptions for this winter season, particularly considering the $500 million-plus reserve from last winter that was adjusted down to approximately $400 million?
    3. With the purchase of the Norwood campus impacting your capital expenditures, how will this acquisition affect your cash position and cost-saving initiatives, and how do you plan to reconcile this with your goal of ending 2024 with approximately $9 billion in cash and investments?
    4. Considering the timing challenges with your flu-COVID combination vaccine and the decision not to use a priority review voucher, how will this impact your ability to capture market share in the 2025 flu season, and what strategies are you implementing to mitigate potential revenue gaps?
    5. Given the late approval of your RSV vaccine relative to the contracting season, how confident are you in achieving significant market share next year, and what realistic expectations should investors have regarding your position in the RSV vaccine market?
    Program DetailsProgram 1
    Approval DateAugust 1, 2022
    End Date/DurationNo expiration date
    Total additional amount$3.0 billion
    Remaining authorization$1.7 billion as of September 30, 2024
    DetailsThe program aims to return capital to shareholders, improve earnings per share, and manage capital structure. The timing and number of shares repurchased depend on various factors, including price and market conditions.

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Our COVID-19 vaccine largely competes against their COVID-19 vaccine, which is also based on mRNA technology.

    We also compete against other approved or authorized products, including their COVID-19 vaccine.

    Some competitors have developed COVID-19 treatments, including their antiviral pill, and the existence of such treatments may reduce demand for vaccines.

    Our RSV vaccine, which we expect to launch in 2024, will face competition from existing RSV vaccines, including those produced by them.

    There are additional companies working on mRNA medicines, some of which have reached commercialization. These companies include them.

    There are additional companies working on mRNA medicines, some of which have reached commercialization. These companies include them.

    There are additional companies working on mRNA medicines, some of which have reached commercialization. These companies include them.

    There are additional companies working on mRNA medicines, some of which have reached commercialization. These companies include them.

    CustomerRelationshipSegmentDetails

    United Kingdom Health Security Agency

    Key government agency for vaccine procurement

    All

    16% of revenue in 2024 ; 65% of accounts receivable as of Dec 31, 2024

    FFF Enterprises

    Distributor/wholesaler for Moderna’s products

    All

    13% of revenue in 2024 ; 39% of accounts receivable in 2023

    Taiwan Food and Drug Administration

    Regulatory agency involved in vaccine procurement

    All

    10% of accounts receivable in 2024

    European Commission

    Intergovernmental body purchasing vaccines

    All

    28% of revenue in 2022

    U.S. Government (excluding BARDA)

    Government agency purchasing Moderna’s vaccines

    All

    23% of revenue in 2022

    Takeda Pharmaceutical Company

    Partner/distributor for Japanese market

    All

    10% of revenue in 2022

    Ministry of Health, Labor, and Welfare Japan

    Government ministry responsible for vaccine procurement

    All

    21% of revenue in 2023

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP2014 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    OriCiro Genomics K.K.

    2023

    Recent press releases and 8-K filings for MRNA.

    Moderna Outlines Pipeline Progress and Financial Guidance at Special Call
    MRNA
    Guidance Update
    New Projects/Investments
    • Pipeline Update: Moderna detailed its robust clinical development in oncology, highlighting its INT program with three Phase III studies in melanoma and NSCLC and additional Phase II studies in renal and bladder cancer, while comparing its approach favorably against competitors like BioNTech.
    • Rare Disease and Financial Outlook: The call reviewed progress in rare disease programs—PA and MMA—with pivotal trial data expected in 2026 and provided insight into the 2025 revenue guidance of $1.5–$2.5 billion, emphasizing efforts to lower the cash cost structure.
    Mar 11, 2025, 5:31 PM