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Moderna shipped 800 million COVID vaccines last year, more than tripled its cash position but stock falls again

Moderna shipped 800 million COVID vaccines last year, more than tripled its cash position but stock falls again

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Moderna Inc. MRNA, -7.45% said in a letter to shareholders disclosed Tuesday, Chief Executive Stéphane Bancel said the biotechnology company had shipped about 800 million doses of its COVID-19 vaccine to more than 60 countries in 2021, and more than tripled the amount of cash and cash equivalents it held. Meanwhile, the stock dropped 1.2% in premarket trading, after dropping 7.5% on Monday, and tumbling 27.9% in December.

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