Moderna's Surprise Profit Surges
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•Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold
87% Informative
Moderna posted a surprise profit for the third quarter , smashing Wall Street estimates.
It is the first quarter that includes sales of Moderna 's vaccine against respiratory syncytial virus.
The biotech company is slashing expenses, with a recently announced goal of achieving $1.1 billion in savings by 2027 .
Before year end , the company plans to file for approval of its experimental "next-generation" Covid vaccine.
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