COVID‑19 vaccine revenue sustainability
The conventional assumption is that the COVID-19 vaccine business settles into a seasonal annuity in the $1–2 billion range, analogous to a severe-flu product.
In the current environment it is not, and the difference is worth roughly $1 billion a year to Moderna's revenue line. The company cannot manage this risk with better science, a better formulation or a lower price.
Moderna, Inc. (MRNA) — The Platform and the Price | Farstar CapitalModerna, Inc. (MRNA) — The Platform and the Price | Farstar Capital