Moderna has cut R&D expenditure and their shares has dropped 17%, maybe throw a few billion USD M&A at IMU for a new path to profitability. The big boys might bite.
"(Bloomberg) — Moderna Inc. (MRNA) aims to reduce its research and development budget by about 20% over the next three years as the biotech tries to find a path to profitability following disappointing vaccine sales.
The company is discontinuing five programs in its pipeline and slowing some late-stage studies of treatments for latent and rare diseases to achieve the $1.1 billion cut from its annual R&D budget by 2027, according to a statement Thursday.
The plan may appease investors who want to see the company avoid further losses. In a recent note, Jefferies analyst Michael Yee said Moderna needed to cut as much as $1 billion in expenses “to regain any investor confidence or credibility on profitability.”
Shares dropped by 17% in trading in New York on Thursday. Through Wednesday’s close, Moderna’s shares have dropped about 20% this year."
- Forums
- ASX - By Stock
- IMU
- Media Thread
Media Thread, page-15527
-
- There are more pages in this discussion • 310 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMU (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.3¢ |
Change
0.004(8.16%) |
Mkt cap ! $394.1M |
Open | High | Low | Value | Volume |
4.9¢ | 5.5¢ | 4.8¢ | $1.798M | 35.09M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 2193808 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 605064 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 2192847 | 0.052 |
7 | 1399145 | 0.051 |
12 | 1193048 | 0.050 |
20 | 6833876 | 0.049 |
66 | 9686793 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 605064 | 3 |
0.054 | 1194213 | 11 |
0.055 | 6979391 | 12 |
0.056 | 1271350 | 12 |
0.057 | 1597104 | 6 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
Featured News
IMU (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online