Cost Reduction Achievements
Moderna achieved a 34% reduction in cost of sales, R&D, and SG&A combined compared to Q3 2024 and a $2.1 billion improvement in costs over the last four quarters.
Strategic Partnerships Progress
Moderna established manufacturing facilities and multiyear offtake agreements with Canada, the U.K., and Australia, delivering the first made-in-Canada mRNA vaccines and obtaining regulatory licenses for facilities in the U.K. and Australia.
mNEXSPIKE and Spikevax Approvals
mNEXSPIKE was approved in the U.S. and Canada for the 2025-2026 season, and Spikevax received approval in 40 countries for the same period.
Cash and Investment Position
Moderna ended Q3 with $6.6 billion in cash and investments, with a projected year-end balance of $6.5 billion to $7 billion, indicating effective financial management.
Oncology and Rare Diseases Pipeline
Encouraging progress in oncology, including Phase Ib data for mRNA-4359, and target enrollment reached for the propionic acidemia registrational study.