Moderna expects $18.4 billion in 2021 sales from Covid vaccine, chief medical officer to depart
A Moderna (COVID-19) vaccine is seen at the LA Mission homeless shelter on Skid Row, in Los Angeles, California, U.S., February 10, 2021.
Lucy Nicholson | Reuters
Moderna said Thursday it expects to generate $18.4 billion in sales from its Covid-19 vaccine this year.
In releasing its fourth-quarter earnings, Moderna also said its chief medical officer, Tal Zaks, will leave the company in late September. The company said it has retained Russell Reynolds “to recruit for a new CMO with global and commercial experience.”
Shares of Moderna were up 3.9% in premarket trading.
The news comes a day after the company said it was expecting to produce at least 700 million Covid vaccine doses this year. It also said it expects to produce up to 1.4 billion Covid vaccine doses in 2022.
Pfizer, which also…