Breaking News: Moderna Inc Plans Cost Cuts and Product Launches for a New Era
Moderna Inc is making significant changes as part of their strategy to position themselves in the post-Covid health care industry. The company intends to cut $1.1 billion in costs while simultaneously launching 10 new products by 2027. This response is essential as they prioritize efficient resource allocation amid evolving business dynamics.
As part of this restructuring, Moderna is also deprioritizing certain areas of its pipeline. This involves pausing work on some products and scrapping others to streamline operations effectively.
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