Why is Moderna not under investigation?

[gamecockcat]

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?

 

[It'saDoneDeal]

GD I really hate this board.

 

[BeaveUKGT]

Congrats to the OP for being asleep the last five years.

 

[WayneDougan]

I'm not an expert but let me help you out:

• Moderna was focused on developing mRNA vaccines
• mRNA appeared to be the best bet in terms a vaccine for COVID
• Moderna was granted an emergency waiver to bring their vaccine to the market for COVID
• Moderna's vaccine seemed to be a very effective approach for stopping, I mean preventing, I mean lessening the effects of COVID-19 with no, I mean some, side effects.
• Nobody wants COVID vaccines anymore because of what I wrote above
• They have a few other products, but nothing to the scale of their COVID vaccine

 

[WildcatfaninOhio]

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?

If you've done the research, then why is the rest of your post full of speculation and calls for government investigations? Why not just hand over your research findings to the DOJ?

 

[JonathanW]

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?

I work in this industry. I actually had a job offer from Moderna during Covid as they were close to finishing the primary vaccine study, to lead their statistical analysis efforts.

There are hundreds, probably a thousand, Biotechs. Most of them have <5 molecules/compounds/biologicals in their pipeline. Most are not publicly traded and rely upon investors. Many of them won’t last 10 years, because the vast majority of drugs tested won’t work or aren’t safe.
So it’s no surprise that one of these smaller companies came out with one of the 2-3 covid vaccines.