Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Moderna, Inc.
  6. News
  7. Summary
    MRNA   US60770K1079


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Takeda eyes vaccine business growth as dengue, COVID-19 shots progress - CEO

09/13/2021 | 09:22pm EDT
Takeda Pharmaceutical Co's logo is seen at its new headquarters in Tokyo

TOKYO (Reuters) - Takeda Pharmaceutical Co, which distributes Moderna Inc's COVID-19 shots in Japan, expects vaccines to become a bigger part of its portfolio as shots for dengue fever and COVID-19 near regulatory approval, its chief executive said.

Takeda, Japan's biggest drugmaker and among the top 10 globally after its 2019 takeover of Shire Plc, has traditionally been known more for its cancer and gastrointestinal treatments.

But vaccines have defined much of the company's activities during the coronavirus pandemic, as it worked to bring foreign-developed shots into Japan.

Vaccine production is a business that "when established, has a very long life," Takeda CEO Christophe Weber said in an interview broadcast at Reuters Events' Pharma Japan 2021 conference on Tuesday.

"There is no generic of vaccines, for example. So it's a different type of lifecycle, but it can be a very good business if you bring innovation," he added.

Takeda's dengue fever vaccine was submitted to European regulators in March, and the company said it planned to file for approval in several South American and Asian countries this year. Takeda has been working for almost 10 years on the shot, which is now in the "last stage," Weber said.

The company has imported some 50 million doses of Moderna's COVID-19 vaccine into Japan and has a license to manufacture Novavax Inc's vaccine, which is still undergoing trials.

Japan's government has agreed to buy another 50 million Moderna shots, to be delivered next year, along with 150 million Novavax doses.

About 1.6 million Moderna doses were recalled in Japan this month after the discovery of small metal contaminants in some vials, a problem traced back to a production line in Spain.

Weber said such problems sometimes occur in pharma manufacturing, brushing off the suggestion it was caused by companies rushing to bring vaccines to market.

With some of its main sellers due to lose patent protection in the coming years, Takeda is betting heavily on a pipeline of more than 10 drugs in late-stage development. One of those, a blood cancer treatment known as Pevonedistat, fell out of the running this month after poor trial results.

"We don't rely on one product in our pipeline, or two, when we have 40 in clinical stage," Weber said.

(Reporting by Rocky Swift; Editing by Sam Holmes)

By Rocky Swift

ę Reuters 2021
All news about MODERNA, INC.
03:27pModerna COVID-19 Vaccine to Be Approved for US Teens in Weeks, CEO Says
02:21pCOVID SCIENCE-Breakthrough infections can lead to long COVID; genes may explain critica..
09:30aINSIDER SELL : Moderna
07:11aThermo Fisher lifts annual forecast as COVID-related sales boost Q3 profit
04:08aModerna Announces Swissmedic Authorizes Booster Dose of Moderna's COVID-19 Vaccine
10/26Swissmedic OKs Pfizer/BioNTech COVID-19 Booster Jabs For High Risk People
10/26U.S. administers over 415 mln doses of COVID-19 vaccines - CDC
10/26Moderna Announces First Participant Dosed in Phase 3 Pivotal Registration Study of Its ..
10/26Moderna, Inc. Announces First Participant Dosed in Phase 3 Pivotal Registration Study o..
10/26Switzerland Agency Approves Moderna and Pfizer/BioNTech Boosters
More news
Analyst Recommendations on MODERNA, INC.
More recommendations
Financials (USD)
Sales 2021 20 374 M - -
Net income 2021 12 558 M - -
Net cash 2021 13 559 M - -
P/E ratio 2021 11,6x
Yield 2021 -
Capitalization 140 B 140 B -
EV / Sales 2021 6,18x
EV / Sales 2022 5,47x
Nbr of Employees 1 300
Free-Float 90,4%
Duration : Period :
Moderna, Inc. Technical Analysis Chart | MRNA | US60770K1079 | MarketScreener
Technical analysis trends MODERNA, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Last Close Price 345,74 $
Average target price 296,29 $
Spread / Average Target -14,3%
EPS Revisions
Managers and Directors
StÚphane Bancel Chief Executive Officer & Director
Stephen Hoge President
David W. Meline Chief Financial Officer
Noubar B. Afeyan Chairman
Juan Andres Chief Technical Operations & Quality Officer
Sector and Competitors
1st jan.Capi. (M$)
MODERNA, INC.230.95%139 557
LONZA GROUP AG32.63%60 898
SEAGEN INC.1.46%32 330
CELLTRION, INC.-39.00%26 036