Covid Vaccine Makers’ Stocks Crash as Sales Drop off a Cliff
Moderna and BioNTech shares both fell to their lowest price in years on Monday as the companies behind the most widely-used mRNA COVID-19 vaccines grapple with investor disappointment with crashing revenues. Forbes has the key points:
- BioNTech and Moderna’s stocks fell 8% and 6%, respectively, a decline spurred by BioNTech’s earnings report revealing the German firm’s sales fell 95% year-over-year last quarter.
- Moderna’s fresh decline came after it reported a 93% annual decline in quarterly revenues in its own earnings release Thursday.
- Moderna’s $101.20 close Monday was its lowest since November 2020, while BioNTech’s $98.50 close was its lowest since March 2021.
- BioNTech, which developed a Covid vaccine with Pfizer, said Monday it expects to generate $5.5 billion in Covid vaccine sales this year, a 70% decline from 2022, while Moderna’s $6 billion to $8 billion in forecasted Covid jab sales is similarly about two-thirds below its $18 billion of revenue in the unit last year.
- The stock crashes moved against broader market gains, with the Dow Jones Industrial Average’s 408-point, or 1.2%, rally its strongest since June 2nd.
Alex Berenson says it shows Wall Street is “finally in on the joke“.
It couldn’t have happened to a nicer bunch of medical billionaires.
Investors are voting on the failure of mRNA technology with their feet, fleeing the stocks of Moderna and BioNTech, the two companies that had the greatest wins on the mRNA Covid jabs.
In 2021 and 2022, Moderna and BioNTech rode Covid to tens of billions of dollars in profits. That gravy train is over.
Today, shares in Moderna and BioNTech fell below $100 a share for the first time since the jabs came to market in 2020, plunging almost 10% after BioNTech reported weak second-quarter sales and said it would reduce its planned research spending.
Both companies are down almost 80% from their 2021 peaks. Pfizer, which markets BioNTech’s mRNA jab and shares profits equally with BioNTech, has also fallen, though not as much, since Pfizer has non-mRNA products.
Behind the plunge: demand for Covid shots has fallen off a cliff worldwide and shows no signs of recovering. Last month, Germany said it expected to throw out 200 million expired shots, more than the total number it has administered.
A few months ago, Pfizer predicted that 100 million Covid jabs would be administered in the United States in 2023. Pfizer’s executives no doubt expected that estimate was conservative, given that publicly traded companies would much rather surprise investors with good news than bad news.
But Pfizer disclosed last week that only about 12 million shots have been given so far – and most came very early in the year. “The 12.4 million doses are behind our earlier projections,” Pfizer Chief Executive Albert Bourla acknowledged on a conference call last week. (Full disclosure: I am suing Bourla as part of Berenson v. Biden.)
Meanwhile, efforts to expand mRNA technology to jabs to prevent the flu and RSV are faltering. Large clinical trials suggest that the mRNA shots for those illnesses cause serious side effects at the same rate as they do for Covid.
Meanwhile, the Telegraph reports that NHS flu jabs and Covid boosters will be axed for adults under 65 this winter as the health service attempts to “go back to normal”.
The Government’s Joint Committee on Vaccination and Immunisation is expected to set out plans on Tuesday which will mean 12 million people aged 50 to 64 are no longer eligible for free vaccines.
The rollout is also expected to start later than normal for those who are given jabs, with the drive not set to begin until October.
The vaccination drive usually starts in early September in an attempt to ensure sufficient protection against an early flu season.
Health officials said the later start would ensure that the vulnerable are protected in the depths of winter when viruses are most likely to spread.
Is that an admission of very short efficacy, if they have to give it in October to ensure it still works in December? Looks like it.
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“Covid Vaccine Makers’ Stocks Crash as Sales Drop off a Cliff”
excellent!
Indeed.
Don’t worry – according to the bird flu article in the Mail they’ve got a 100 projects ( =
GOF) ongoing at Porton Down with a promise to bring jabs to the market in 100 days (= no testing) so this will only be a minor blip in their 5 year profit plan….I’m not so sure owing to the hugh level of mistrust they’ve acrued, I don’t think they’ll ever recover from it, well..let’s hope!
Dunno – I know loads of people hereabouts who are already looking forward to their annual flu’n’covid shots, so I think the propaganda machine is still working it’s magic with large swathes of the population.
its sad but the covid shot lovers, are as a result of their religion a diminishing percentage of the population as they die from unknown causes,
Porton is a branch of the War Department (or Ministry of Defence), so the assessment of safety is a bit specialised. Chemical warfare is part of their expertise. Not only that, the philosophy of the research and development being paid for by the Government (i.e. us via tax) is unusual for a Tory government. For almost all other industries, the manufacturers are expected to pay for investment in anything novel.
It won’t be contamination with graphene this time – just a few percent of Novichok.
Which they might have in stock. They were useful investigators in the Skripal case a few years ago, after all.
Sorry, thought you said useful instigators there for a moment.
Not that I’m saying they had anything to do with it, after all we have the ridiculously stupid alleged KGB agents on camera don’t we, but Salisbury aint a million miles away from our very own bio “defence” centre is it. Just saying.
Nothing much used to surprise me.
Now nothing does.
Or Anthrax!
Definitely. The gov’t – drug cartel will simply create another scamdemic. They have done this since 1800. 1918, 1940s/50s (polio), 1960s (measles etc), 1976 (swine flu), 1980s (HIV), 1990s (hoof and mouth etc), 2002 (Sars I), 2007 (botulism), 2009 (back to swine flu), 2000-2015 (various, ebola etc) and 2020 Korona plandemic.
Same patterns repeat but the sheeple see not.
Don’t forget the 2022 mon(k)eypox!
So gain of function is legal in the UK then, it could be the next big opportunity for the Conservatives or Labour to “save” the economy
But I don’t understand. The Covid shots are safe and effective, so the flu and RSV shots must be as well. You don’t think the market is succumbing en masse to disinformation from conspiracy theorists, do you? What kind of world do we live in when even Wall Street doesn’t follow The Science?
I remember being surprised to read that Fauci said the flu jab didn’t work.
Its never worked.. just like the rest of them.. including the much vaunted polio shot. That just happened to coincide with the manic spraying of DDT.. and as if by magic, when it was banned.. Salks polio shot was hailed as the saviour..
The whole vaccine issue is just another tissue of lies..
Salk and Sabin murdered thousands. Salk’s junk was pulled after too many deaths and lawsuits. Sabin’s likewise. Polio virus is mild and rare, and does not kill. What caused polio was arsenic, lead, pesticides, herbicides etc – it is a nervous disorder from toxins. Also faeces and contaminants containing neurotoxins will spread it. Polio quackcine was a huge scam for money (fat chicks for free).
And let’s not forget the carcinogenic virus SV40 scandal!
Indeed, Dr. Fred Klenner was the real hero of polio, not Jonas Salk.
While I still think that SOME vaccines work to some extent (BCG, for example, and maybe measles), it is becoming increasingly clear that we have been sold a false bill of goods for many if not most of the ones out there.
Yep.
Even the really really safe old type are also safe and effective.
http://vaccinepapers.org/
The story about the free ‘flu jab being delayed to the age of 65 suggests that they are trying to cut back on expenditure. Quite recently, around 2018, they reduced the age to 55, and it was offered to me. It was a bit late in the year to be of much use, and it seemed to me that they probably bought a large batch of it, given that it has a shortish shelf life.
Billy better hurry up with the next one then !! Chunts …. !
It could be that the idea of using mRNA for a wider range of drug administration is part of their business plan. If so, the jury is still out on the whole lot, if you look at John Campbell’s recent presentations on it, in particular it’s propensity to cause heart injury. As to whether that is isolated to the anti-Covid-19 product, or not, is uncertain. Could it not be the administration mechanism itself?
Indeed, mRNA as a delivery system (gene therapy) was studied since the 1980s, and based on such studies, it was most likely the delivery system itself that causes the most such problems.
No wonder they are trying to stoke virus panic all over again lately: they desperately want to sell more jabs. Fortunately, it seems to be falling largely on deaf ears this time.
Failing that, they will next pivot to RSV jabs, then flu mRNA jabs, and ultimately a three-in-one mRNA jab as early as 2024.
INSTANT KARMA!
I am going to get my seventh booster regardless. Each one knocked me about a bit more but number seven is the crowning glory. Oh and by the way there is something called ‘Disease X’ coming. It is the only designation they have left. We will have to see if compliance will be as strong as it was before. I can tell you that it will be. It is more about how the resistance learned from last time and how to respond to it. These people that are throwing these diseases out aren’t the cleverest it is important not to see them as invincible.
It all comes from the same thing. Why did so many peole feel the need to trust the authorities – because they were frightened. You can’t exist for long as a frightened culture because being frightened suggests that you aren’t conditioned to respond to real attacks and you will be conquered. You have to go into every day and every waking hour not giving a monkeys about this or that. That is what our time is saying. The Christian teaching that he who loves his lfe shall lose it.
Are investors selling COVID vaccine makers’ shares partly because of fear of litigation against these companies and large payments for damages? One can hope.
Investors can be incredibly fickle, and it’s commonplace for stock to drop sharply after announcing poor quarterly results (which was the case here). It’s also common that stock recovers shortly after, once the initial panic has subsided and cooler heads go bullish. Sadly, this looks to be the case here, as Biontech has already recovered to nearly $102 from a low of $95. It seems most analysts are advising to hold based on long-term forecasts. I don’t think this is the feel-good story everyone thought it was.
I’m sure Gates, the WHO and Big Pharma are already working on a solution to this appalling news.
I believe they’ve said it’s due in 2024 and this time will primarily affect young people.
Warehouses full of poison. The best line in the report. “Even Wall Street is in on the joke”
Better invent another pandemic quick, or let another gain of function disease out of a Lab again I here we have our very own up and running in the Uk now.
Still even if they don’t the heads of these death on a stick companies have made their billions, escaped justice so they can go and play with their mates at world domination in the WEF.