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Moderna posts quarterly loss as company takes $1.3 billion write-down on unused Covid shots

Moderna (MRNA) Q3 earnings report 2023

Moderna on Thursday posted a steep loss for the third quarter as the drugmaker recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product.  Moderna’s total revenue for the period topped Wall Street’s expectations, even amid plummeting demand for its shot. Its outlook for next year, however, came in...