Moderna was one of two main companies who were awarded the government's approval for their COVID vaccine. To date, as far as I can tell from my research, that vaccine is the only drug Moderna has successfully brought to market. It is a relatively new company and certainly wasn't a competitor of the Big Pharma companies until COVID. Due to their vaccine, which was rushed to market with limited (if any) testing, the company realized BILLIONS in revenue and profits and their stock price went from just a few dollars to >$300 in a very short time.
For the first half of this year, Moderna's revenue was $400 MILLION (not billion) and their stock closed around $37/share today. They are hemorrhaging cash and their CF from Operations has been negative for several quarters now.
I believe an investigation into how this no-name company with no other drugs on the market managed to get a huge cash infusion due to COVID when Merck, Eli Lilly, Bristol Myers Squibb, et al were not is warranted. I would not be surprised if the FDA and/or NIH received tons of cash from Moderna. I would not be surprised if some Congresspeople also received kickbacks from Moderna. In my opinion, something smells to high heaven about this company and their COVID vaccine approval when they literally haven't brought one other drug to market. Oh, and their vaccine has been the one that has generally caused the most adverse reactions, also.
Shouldn't someone in our government look into this and find out if there is billions of dollars of corruption/fraud surrounding this company and the approval of its vaccine? And, if so, shouldn't several people be looking at significant jail time?
For the first half of this year, Moderna's revenue was $400 MILLION (not billion) and their stock closed around $37/share today. They are hemorrhaging cash and their CF from Operations has been negative for several quarters now.
I believe an investigation into how this no-name company with no other drugs on the market managed to get a huge cash infusion due to COVID when Merck, Eli Lilly, Bristol Myers Squibb, et al were not is warranted. I would not be surprised if the FDA and/or NIH received tons of cash from Moderna. I would not be surprised if some Congresspeople also received kickbacks from Moderna. In my opinion, something smells to high heaven about this company and their COVID vaccine approval when they literally haven't brought one other drug to market. Oh, and their vaccine has been the one that has generally caused the most adverse reactions, also.
Shouldn't someone in our government look into this and find out if there is billions of dollars of corruption/fraud surrounding this company and the approval of its vaccine? And, if so, shouldn't several people be looking at significant jail time?
