FILE PHOTO: A vial and sryinge are seen in front of a displayed Moderna logo in this illustration taken January 11, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
February 24, 2022
(Reuters) -Moderna Inc on Thursday raised its full-year sales forecast for its COVID-19 vaccine by 2.7% to $19 billion, as it seeks to ramp up manufacturing following production problems last year.
The company also said that it was planning to buy back $3 billion in shares.
The vaccine maker expects higher sales in the second half of 2022 as it believes the coronavirus pandemic will enter an “endemic phase”.
Moderna had previously projected sales of $18.5 billion from its vaccine, with an additional $3.5 billion in options. It now expects $3 billion in options.
(Reporting by Manas Mishra in Bengaluru; Editing by Anil D’Silva)
Source: One America News Network
