Does This News From Switzerland Mean Trouble for Moderna?
When coronavirus vaccines first hit the market, countries couldn't get enough of them to meet demand. In some instances, people had to wait months before winning an appointment for a shot. Today, in many countries, the situation has changed completely. Vaccine doses from leaders Moderna (NASDAQ: MRNA) and Pfizer are readily available.
In fact, they might be a bit too available. Switzerland said late last month that it was set to destroy about 600,000 doses of Moderna's vaccine because they have expired. Like all medication, vaccines have an expiration date. And using them after that date means they might not be as effective.
Moderna depends on its coronavirus vaccine for revenue, so any sign of weakening demand is worth watching. Does this latest news out of Switzerland mean trouble for the vaccine maker? Let's find out.
Source Fool.com
