the FDA Blocked Moderna's New Flu Shot
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PROFIT: The pharmaceutical company is expected to report a loss of $1.02 billion, or $2.54 a share, according to analysts polled by FactSet. That compares with a loss of $1.12 billion, or $2.91 a share, a year earlier.
The federal government on Wednesday told its side of the story amid a disagreement with Moderna after the FDA decided to refuse reviewing the drugmaker’s flu vaccine application.
Experts say the FDA "moved the goalposts" on Moderna, creating "a destructive precedent that will undermine the future of vaccine development" in the U.S.
The vaccine maker says the Food and Drug Administration has refused to review its application to sell a new seasonal flu vaccine.
Moderna Inc (NASDAQ:MRNA) has delivered a 37% gain year-to-date, dramatically outpacing the biotech sector’s 0.4% YTD return. In fact, Moderna has the 12th-best gains in the entire S&P 500 so far in 2026!
The biotech company said the FDA won’t review its flu vaccine, in the latest hit to mRNA development.
Refusal to review the submission is inconsistent with feedback at pre-Phase 3 and pre-submission consultations; Moderna