Significant Cost Reductions
Moderna achieved $2.6 billion in cost savings in 2024, a 27% reduction from 2023, driven by manufacturing footprint resizing, pricing renegotiations, and improved operational efficiencies.
Substantial Cash Position
The company ended 2024 with $9.5 billion in cash and investments, up from $9 billion, due to efficient management of OpEx, CapEx, and working capital.
Progress in Product Pipeline
In 2024, Moderna became a multi-product company with the approval of mRESVIA and positive Phase 3 results in four respiratory vaccine programs. Three products were filed for FDA approval.
Operational Efficiency Goals
Moderna plans to reduce cash costs to $5.5 billion in 2025 and $5 billion in 2026, aiming for over $1 billion in cost reductions.