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Moderna’s boom days are beginning to look like a thing of the past as the biotech is preparing for declining Covid-19 vaccine sales, and heavy investments in R&D on the flu, RSV and potential cancer vaccines. The company reported a predicted drop in income but stuck to its annual sales forecast of $5 billion for its COVID-19 vaccines on Thursday’s Q4 and full year 2023 investors call . That’s less than a third of what the company hauled in for 2022 in Covid vaccine sales, which totaled $18.4 billion. A little less than half of that 2023 figure, or $2 billion, is expected in the first half of this year. Moderna has advance purchase agreements for Covid vaccines with Canada, Kuwait, Switzerland, Taiwan and the UK, as well as 2022 deferral contracts including Japan, the EU and South Korea. There are ongoing talks with the US for 2023 commercial contracts, and the “potential” for more sales to the EU, Japan, Australia, Asia and Latin America. “Given this need we estimate the U.S, fall 2023 Covid market volume to be approximately 100 million doses,” said Arpa Garay, chief commercial officer at Moderna, during today’s Q4 call. “We based this assumption after looking at 2022 vaccination rates and including potential recommendations for two-dose booster series for high risk individuals.” While the total revenue was $19.3 billion for 2022, compared to $18.5 billion in 2021, the increase was mostly because of increased sales of Covid vaccines, according to the company’s press release . Moderna also reported several major quarterly charges including $297 million in inventory write-downs related to expired Covid vaccines, related cancellation charges of $281 million, and an expense for unutilized manufacturing capacity and related contract manufacturing organization charges of $376 million. “These charges, other than royalties, are driven by costs associated with surplus production capacity, overall lower demand and a shift to our most recent Omicron-targeting COVID-19 bivalent booster, mRNA-1273.222,” the company said. Focus is now shifting to its vaccine candidates against RSV, the seasonal flu and cancer as the company branches out to get more products approved, while its vaccine remains the only one on the market. Company leaders reiterated that its RSV vaccine, mRNA-1345, received breakthrough therapy designation from FDA in January, and Moderna is planning on filing for regulatory approval this year. Moderna announced yesterday that its personalized cancer vaccine in combination with Merck’s blockbuster cancer drug Keytruda as adjuvant treatment for patients with high-risk melanoma also received breakthrough therapy designation, and the company is planning on starting a Phase III trial this year with a plan to move into non-small cell lung cancer too. Moderna has a serious competitor in BioNTech , which is developing vaccines in advanced melanoma, ovarian cancer and non-small cell lung cancer, as well as its individualized vaccine, RO7198457. “Ultimately, we’ll go first into other adjuvant indications where we think there’s the most immediate biologic benefit, or biologic rationale for potential benefit that we’ll be looking to demonstrate,” said company president Stephen Hoge. “But obviously, as others start to move into the space, if they show benefits in other lines of therapy, we will absolutely want to proceed very quickly in those directions as well.”

Fourth quarter 2022 revenues of $5.1 billion; GAAP net income of $1.5 billion and GAAP diluted EPS of $3.61 Full-year 2022 revenues of $19.3 billion; GAAP net income of $8.4 billion and GAAP diluted EPS of $20.12 Company reiterating approximately $5 billion in COVID-19 sales contracted for delivery in 2023 and expecting additional sales from key markets Company will regulatory approval for mRNA-1345, Moderna's investigational RSV vaccine for older adults, in the first half of 2023. mRNA-1345 was recently granted FDA Breakthrough Therapy Designation mRNA-1010 Phase 3 flu vaccine interim efficacy analysis expected to be reviewed by an independent DSMB before the end of the first quarter mRNA-4157, Moderna's investigational personalized cancer vaccine in combination with Keytruda®, was granted Breakthrough Therapy Designation; full data set to be shared at upcoming medical oncology meeting and in peer reviewed publication Company R&D investments planned to increase to $4.5 billion in 2023 CAMBRIDGE, MA / ACCESSWIRE / February 23, 2023 / Moderna, Inc. (NASDAQ:MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today reported financial results and provided business updates for the fourth quarter and fiscal year 2022. "2022 was another impressive year for Moderna, with over $19 billion in revenue and significant clinical breakthroughs across our portfolio. We continue to provide our Omicron-targeting bivalent vaccines worldwide, with the latest real-world evidence highlighting the continued protection of our vaccines against hospitalization and death," said Stéphane Bancel, Chief Executive Officer of Moderna. "Our infectious disease platform continues to progress with positive Phase 3 data in RSV for older adults. We are investing to scale Phase 3 manufacturing for personalized cancer vaccines so that we can run several Phase 3 studies simultaneously. With planned R&D investments of $4.5 billion for the year, I am excited about the new medicines we believe we will bring to patients in the coming few years." Moderna is also announcing that Juan Andres, currently President, Strategic Partnerships and Enterprise Expansion, will be retiring from the Company in May after more than six years. "Juan has played a tremendous role since joining Moderna in 2017. Juan served as Chief Technical Operations and Quality Officer and led our manufacturing from an early-stage clinical development company to a commercial company. In 2020 and 2021, Juan did a historic job with his team to scale Moderna for a global commercial launch, during a pandemic. It is unbelievable that he led the team from having made less than 100,000 doses across our entire portfolio in 2019 to more than 800 million doses in 2021 of our COVID-19 vaccine globally, all during a pandemic," said Mr. Bancel. "Very few manufacturing leaders could have led such an achievement during such a challenging time. We, and the hundreds of millions of people across the globe who received the Moderna COVID-19 vaccine, owe Juan our gratitude." Recent Progress Includes: Respiratory Vaccines Approved and Phase 3 trials Spikevax Bivalent BA.4/BA.5 authorized under EUA in the U.S. as a booster dose for all age groups from 5 months. RSV vaccine in older adults (mRNA-1345) met its primary efficacy endpoint and received Breakthrough Therapy Designation from FDA. mRNA-1345 demonstrated vaccine efficacy of 83.7% against RSV lower respiratory tract disease, defined by 2 or more symptoms, and 82.4% with 3 or more symptoms in older adults. mRNA-1345 was generally well-tolerated, with no safety concerns identified by the Data Safety Monitoring Board (DSMB). Based on these results, Moderna expects to submit a Biologics License Application (BLA) for mRNA-1345 to the FDA in the first half of 2023. The pediatric Phase 1 trial of mRNA-1345 is fully enrolled. Flu (mRNA-1010) interim analysis from Phase 3 immunogenicity and safety trial demonstrated mRNA-1010 achieved superiority on seroconversion rates for A/H3N2 and A/H1N1, superiority on geometric mean titer ratios for A/H3N2, and non-inferiority on geometric mean titer ratios for A/H1N1. Non-inferiority was not met for seroconversion rates, and geometric mean titer ratios for the influenza B/Victoria- and B/Yamagata-lineage strains. mRNA-1010 was found to be generally well-tolerated. The ongoing mRNA-1010 Phase 3 efficacy study (P302) conducted in the Northern Hemisphere has accrued more than 200 PCR-confirmed cases. The first per-protocol interim analysis of efficacy is expected to be reviewed by an independent DSMB before the end of the first quarter. Latent Vaccines Phase 3 trials CMV vaccine (mRNA-1647) pivotal Phase 3 study, known as CMVictory, is ongoing, with enrollment more than 40% complete. CMV vaccine candidate mRNA-1647 adolescent trial dosed its first participants. Early clinical First participants, adults 50 years of age or older, dosed in Phase 1/2 trial of varicella-zoster virus (VZV) candidate mRNA-1468. VZV causes chickenpox, commonly affecting children and young adults, and shingles in adults. Therapeutics Immuno-oncology Personalized cancer vaccine (PCV) Phase 2 evaluating mRNA-4157/V940 in combination with KEYTRUDA®, Merck's anti-PD-1 therapy, as adjuvant treatment for patients with high-risk melanoma reported positive topline data, showing a 44% reduction of recurrence or death versus Keytruda alone. The companies have received Breakthrough Therapy Designation for mRNA-4157/V940. As previously announced on October 12, Merck exercised its option to jointly develop and commercialize mRNA-4157/V940 pursuant to the terms of its existing Collaboration and License Agreement, and Moderna received $250 million from Merck in the fourth quarter in connection with the option exercise. The companies plan to discuss results with regulatory authorities, initiate a Phase 3 study in adjuvant melanoma in 2023, and rapidly expand to additional tumor types, including non-small cell lung cancer (NSCLC). Rare diseases The Phase 1/2 Paramount study of propionic acidemia (PA) candidate (mRNA-3927) is enrolling patients in cohort 5 (0.9mg/kg). Encouraging clinical benefit has been observed to date and all eligible participants continue to opt-in to the Open Label Expansion. Next step is dose selection for the expansion arm of the Phase 1/2 study. Moderna's partner, Vertex, initiated Phase 1 trial for VX-522, an mRNA therapy targeted at treating the underlying cause of cystic fibrosis (CF) lung disease for those who cannot benefit from a cystic fibrosis transmembrane conductance regulator (CFTR) modulator. VX-522 is Moderna's first inhaled mRNA to enter the clinic. Cardiovascular disease Phase 1B trial of heart failure treatment candidate, mRNA-0184 was initiated. mRNA-0184 is designed to produce the naturally occurring cardioprotective hormone relaxin. Moderna now has 48 programs 1 in development across 45 development candidates, of which 38 are currently in active clinical trials. The Company's updated pipeline can be found at . Moderna and collaborators have published more than 140 peer-reviewed publications. Fourth Quarter and Full Year 2022 Financial Results Revenue: Total revenue for the fourth quarter of 2022 was $5.1 billion, compared to $7.2 billion in the same period in 2021, mainly due to a decrease in sales of the Company's COVID-19 vaccines. Product sales for the fourth quarter of 2022 were $4.9 billion, a decrease of 30% compared to the same period in 2021, primarily driven by lower sales volume, compared to overall higher demand in the prior year and the related manufacturing ramp up in the fourth quarter of 2021. Cost of Sales: Cost of sales was $1.9 billion, or 39% of product sales, for the fourth quarter of 2022, including third-party royalties of $604 million, of which $400 million related to a catch-up payment to the National Institute of Allergy and Infectious Diseases (NIAID) for a new royalty-bearing license agreement executed in December. The agreement provides for low single-digit royalties on future COVID-19 vaccine sales. Cost of sales, as a percentage of product sales, increased by 25 percentage points, from 14% in the same period in 2021. The increase was driven by increased royalties, a charge of $297 million for inventory write-downs related to COVID-19 products that have exceeded or are expected to exceed their approved shelf-lives prior to being used, a loss on firm purchase commitments and related cancellation charges of $281 million, and an expense for unutilized manufacturing capacity and related contract manufacturing organization charges of $376 million. These charges, other than royalties, are driven by costs associated with surplus production capacity, overall lower demand and a shift to our most recent Omicron-targeting COVID-19 bivalent booster, mRNA-1273.222 Research and Development Expenses: Research and development expenses for the fourth quarter of 2022 increased by 87% to $1.2 billion, in comparison to the same quarter of 2021. The growth in spending was mainly due to an increase in clinical trial-related expenses, largely driven by increased clinical development activities, particularly with respect to our RSV, seasonal flu and CMV programs. The growth was also driven by the acquisition of a Priority Review Voucher and an increase in personnel-related costs due to increased headcount to support our increased research and development efforts. Selling, General and Administrative Expenses: Selling, general and administrative expenses for the fourth quarter of 2022 increased by 87% to $375 million, in comparison to the same quarter of 2021. The growth in spending was primarily due to increased external and marketing spend, driven by commercial activities in support of the Company's marketed products and build-out. Effective Tax Rate: The effective tax rate was 11% for the fourth quarter of 2022, remained relatively flat, compared to 10% for the same period in 2021. Net Income: Net income decreased by 70% to $1.5 billion in the fourth quarter of 2022, compared to the same period in 2021. Earnings Per Share: Diluted EPS decreased by 68% to $3.61 in the fourth quarter of 2022, compared to the same period in 2021. Full Year 2022 Revenue: Total revenue was $19.3 billion for the full year 2022, compared to $18.5 billion in 2021. Total revenue increased in 2022, primarily due to increased sales of the Company's COVID-19 vaccines. Product sales for 2022 were $18.4 billion, an increase of 4%, compared to 2021, primarily driven by a higher average selling price due to customer mix. Cost of Sales: Cost of sales was $5.4 billion, or 29% of the product sales for 2022, including third-party royalties of $1.1 billion. Cost of sales, as a percentage of product sales, increased by 14 percentage points, from 15% in 2021. The increase was mainly due to a charge of $1.3 billion for inventory write-downs related to COVID-19 products that have exceeded or are expected to exceed their approved shelf-lives prior to being used, a loss on firm purchase commitments and related cancellation charges of $725 million, and an expense for unutilized manufacturing capacity and related contract manufacturing organization charges of $776 million. These charges are driven by overall lower demand, in particular from low-income countries, a shift in product demand to our Omicron-targeting COVID-19 bivalent boosters and costs associated with surplus production capacity. Research and Development Expenses: Research and development expenses increased by 65% to $3.3 billion for 2022, compared to 2021. The growth in spending in 2022 was mainly due to increases in clinical trial expenses, clinical manufacturing expenses, personnel-related costs, and consulting and outside services, largely driven by the Company's late-stage clinical studies for the RSV, seasonal flu and CMV vaccine programs, as well as continued development of the Company's pipeline. Selling, General and Administrative Expenses: Selling, general and administrative expenses increased by 100% to $1.1 billion for 2022, compared to 2021. The growth in spending in 2022 was mainly due to increases in consulting and outside services, marketing expense, and personnel-related costs, primarily attributable to the Company's continued corporate expansion, particularly in the commercial area and to a lesser extent, in support functions. Provision for Income Taxes: The effective tax rate was 13% for 2022, compared to 8% for 2021. The increase in 2022 was primarily due to the benefit recorded in 2021 related to the release of the valuation allowance on the majority of our deferred tax assets. Net Income: Net income decreased by 31% to $8.4 billion for the full year 2022, compared to 2021. Earnings Per Share: Diluted EPS decreased by 29% to $20.12 for the full year 2022, compared to 2021. Cash Position: Cash, cash equivalents and investments as of December 31, 2022 and December 31, 2021 were $18.2 billion and $17.6 billion, respectively. Net Cash Provided By Operating Activities: Net cash provided by operating activities was $5.0 billion for the full year 2022, compared to $13.6 billion for the same period in 2021. Net cash provided by operating activities decreased in 2022, primarily attributable to revenue recognized from deferred revenue in excess of customer deposits received and increased income tax payments, partially offset by higher collection of receivables. Cash Used for Purchases of Property, Plant and Equipment: Cash used for purchases of property and equipment was $400 million for the full year 2022, compared to $284 million for the same period in 2021. The increase was primarily driven by the Company's continued business expansion of its manufacturing and research facilities. Cash Used for Repurchases of Common Stock: Cash used for repurchases of common stock was $3.3 billion for the full year 2022. Moderna did not conduct share repurchases prior to the fourth quarter of 2021. From the end of the third quarter of 2021 to the end of the fourth quarter of 2022, the Company repurchased 27 million shares, reducing the number of common shares outstanding from 405 million to 385 million, more than offsetting 7 million shares of common stock issued in connection with equity compensation over this period. 2023 Financial Framework Advance Purchase Agreements (APAs): The Company has COVID vaccine sales of approximately $5 billion currently contracted for 2023 delivery, with potential additional sales opportunities in the United States (endemic private and government markets), Europe, Japan, and other key markets. The Company expects product sales in the first half of 2023 of approximately $2.0 billion. Cost of Sales: Cost of sales for the full year are expected to be in the range of 35-40% of sales, which includes approximately 5% of sales for combined royalties to Cellscript and NIAID. Research & Development (R&D) and Selling, General & Administrative (SG&A) Expenses : Full-year expenses are expected to be approximately $6.0 billion, with approximately $4.5 billion in R&D. Income Tax Provision: The Company expects a negligible provision for income taxes in 2023. Capital Expenditures: The Company expects capital investments for 2023 of approximately $1.0 billion. Share Repurchase Program The $3 billion share repurchase program announced in February 2022 was completed early in the fourth quarter 2022. The Company has commenced repurchases from the additional $3 billion program announced in August 2022, and currently has $2.8 billion remaining under this latest authorization. Corporate Updates Continued Growth: Moderna had approximately 3,900 employees as of December 31, 2022, compared to approximately 2,700 employees as of December 31, 2021. Company Accolades Moderna named a Top Employer by Science and Science Careers for an eighth consecutive year. Moderna named Top Employer by BioSpaces Best Places to Work for Second Consecutive Year. Executive Committee Update Juan Andres, President, Strategic Partnerships has announced that he will retire from the Company in May 2023. Moderna previously announced that Jerh Collins joined the Company in October as Chief Technical Operations and Quality Officer. On December 7, Brad Miller was appointed Chief Information Officer of Moderna. At the same time, Marcello Damiani, who was serving in the role as Chief Digital Officer, announced that he would retire from the Company after seven and a half years. Key 2023 Investor and Analyst Event Dates Vaccines Day: April 11 R&D Day: September 13 ESG Day: December 7 Investor Call and Webcast Information Moderna will host a live conference call and webcast at 8:00 a.m. ET on Thursday, February 23, 2023. To access the live conference call via telephone, please register at the link below. Once registered, dial-in numbers and a unique pin number will be provided. A live webcast of the call will also be available under "Events and Presentations" in the Investors section of the Moderna website. Telephone: Webcast: The archived webcast will be available on Moderna's website approximately two hours after the conference call and will be available for one year following the call. About Moderna In over 10 years since its inception, Moderna has transformed from a research-stage company advancing programs in the field of messenger RNA (mRNA), to an enterprise with a diverse clinical portfolio of vaccines and therapeutics across seven modalities, a broad intellectual property portfolio and integrated manufacturing facilities that allow for rapid clinical and commercial production at scale. Moderna maintains alliances with a broad range of domestic and overseas government and commercial collaborators, which has allowed for the pursuit of both groundbreaking science and rapid scaling of manufacturing. Most recently, Moderna's capabilities have come together to allow the authorized use and approval of one of the earliest and most effective vaccines against the COVID pandemic. Moderna's mRNA platform builds on continuous advances in basic and applied mRNA science, delivery technology and manufacturing, and has allowed the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases and auto-immune diseases. Moderna has been named a top biopharmaceutical employer by Science for the past eight years. To learn more, visit MODERNA, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited, in millions, except per share data) Three Months Ended December 31, Years Ended December 31, 2022 2021 2022 2021 Revenue: Product sales $ 4,859 $ 6,935 $ 18,435 $ 17,675 Other revenue 1 225 276 828 796 Total revenue 5,084 7,211 19,263 18,471 Operating expenses: Cost of sales 1,918 952 5,416 2,617 Research and development 1,211 648 3,295 1,991 Selling, general and administrative 375 201 1,132 567 Total operating expenses 3,504 1,801 9,843 5,175 Income from operations 1,580 5,410 9,420 13,296 Interest income 87 7 200 18 Other expense, net (12 ) (7 ) (45 ) (29 ) Income before income taxes 1,655 5,410 9,575 13,285 Provision for income taxes 190 542 1,213 1,083 Net income $ 1,465 $ 4,868 $ 8,362 $ 12,202 Earnings per share: Basic $ 3.81 $ 12.03 $ 21.26 $ 30.31 Diluted $ 3.61 $ 11.29 $ 20.12 $ 28.29 Weighted average common shares used in calculation of earnings per share: Basic 385 405 394 403 Diluted 405 431 416 431 MODERNA, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except per share data) December 31, December 31, 2022 2021 Assets Current assets: Cash and cash equivalents $ 3,205 $ 6,848 Investments 6,697 3,879 Accounts receivable 1,385 3,175 Inventory 949 1,441 Prepaid expenses and other current assets 1,195 728 Total current assets 13,431 16,071 Investments, non-current 8,318 6,843 Property, plant and equipment, net 2,018 1,241 Right-of-use assets, operating leases 121 142 Deferred tax assets 982 326 Other non-current assets 988 46 Total assets $ 25,858 $ 24,669 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 487 $ 302 Accrued liabilities 2,101 1,472 Deferred revenue 2,038 6,253 Income taxes payable 48 876 Other current liabilities 249 225 Total current liabilities 4,923 9,128 Deferred revenue, non-current 673 615 Operating lease liabilities, non-current 92 106 Financing lease liabilities, non-current 912 599 Other non-current liabilities 135 76 Total liabilities 6,735 10,524 Stockholders' equity: Additional paid-in capital 1,173 4,211 Accumulated other comprehensive loss (370 ) (24 ) Retained earnings 18,320 9,958 Total stockholders' equity 19,123 14,145 Total liabilities and stockholders' equity $ 25,858 $ 24,669 MODERNA, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) Years Ended December 31, 2022 2021 Operating activities Net income $ 8,362 $ 12,202 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation 226 142 Depreciation and amortization 348 232 Amortization/accretion of investments 31 54 Deferred income taxes (559 ) (318 ) Other non-cash items 28 - Changes in assets and liabilities: Accounts receivable 1,790 (1,784 ) Prepaid expenses and other assets (1,699 ) (489 ) Inventory 492 (1,394 ) Right-of-use assets, operating leases 21 (58 ) Accounts payable 240 204 Accrued liabilities 612 989 Deferred revenue (4,157 ) 2,824 Income taxes payable (828 ) 876 Operating lease liabilities (14 ) 17 Other liabilities 88 123 Net cash provided by operating activities 4,981 13,620 Investing activities Purchases of marketable securities (11,435 ) (12,652 ) Proceeds from maturities of marketable securities 3,151 1,338 Proceeds from sales of marketable securities 3,548 3,105 Purchases of property, plant and equipment (400 ) (284 ) Investment in convertible notes and equity securities (40 ) (30 ) Net cash used in investing activities (5,176 ) (8,523 ) Financing activities Proceeds from issuance of common stock through equity plans 65 124 Repurchase of common stock (3,329 ) (857 ) Changes in financing lease liabilities (184 ) (140 ) Net cash used in financing activities (3,448 ) (873 ) Net (decrease) increase in cash, cash equivalents and restricted cash (3,643 ) 4,224 Cash, cash equivalents and restricted cash, beginning of year 6,860 2,636 Cash, cash equivalents and restricted cash, end of period $ 3,217 $ 6,860 1 Includes grant revenue and collaboration revenue Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: anticipated sales, including the timing of sales, under advance purchase agreements for delivery in 2023 and the associated dollar amounts to be received, which should not be construed as expected 2023 revenue; COVID market dynamics and potential additional sales in key markets; Moderna's plans to regulatory approval for mRNA-1345 (RSV for older adults) in the first half of 2023; timing for review of the mRNA-1010 (seasonal flu) Phase 3 interim efficacy analysis; the repurchase by Moderna of shares of its common stock under its repurchase programs; Moderna's collaboration with Merck to jointly develop and commercialize mRNA-4157/V940, plans to initiate a Phase 3 in adjuvant melanoma in 2023 and plans to expand into additional cancer types; timing for presentation of full data from the Phase 2 study of mRNA-4157/V940; plans for dose selection and study expansion for Moderna's propionic acidemia therapeutic; and Moderna's 2023 financial framework, including Moderna's anticipated spending on R&D in 2023. In some cases, forward-looking statements can be identified by terminology such as "will," "may," "should," "could," "expects," "intends," "plans," "aims," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna's control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading "Risk Factors" in Moderna's Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, each filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC's website at . Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna's current expectations and speak only as of the date of this press release. Moderna Contacts Media: Chris Ridley Vice President, Corporate Communications & Media 617-800-3651 Chris.Ridley@modernatx.com Investors: Lavina Talukdar Senior Vice President & Head of Investor Relations 617-209-5834 Lavina.Talukdar@modernatx.com 1 Includes separate COVID Vaccine (mRNA-1273) programs in development for adults, pediatrics & adolescents and separate RSV vaccine (mRNA-1345) programs in development for adults and pediatrics. SOURCE: Moderna, Inc. View source version on accesswire.com: