Moderna Inc

MRNA: XNAS (USA)

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Moderna: Analyst Day Supports Our Bullish Oncology Call; Pruned Pipeline Helps Conserve Cash

Karen Andersen

Nov 21, 2025

Moderna held an analyst day on Nov. 20, where it made several announcements, including a new $1.5 billion credit facility, expectations for up to 10% revenue growth in 2026, improving gross margins through 2028, and discontinuations of midstage shingles and herpes programs. Shares fell 7%.

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Moderna Inc

Moderna: Analyst Day Supports Our Bullish Oncology Call; Pruned Pipeline Helps Conserve Cash

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