Moderna Inc

MRNA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$765.00	Phbf	Hrfqmrvc

Moderna's mRNA Technology Could Build a Moat in Vaccines and Cancer and Rare-Disease Treatments

Karen Andersen

Sep 13, 2024

Business Strategy and Outlook

Moderna's mRNA technology gained rapid validation as sales of its covid vaccine soared in 2021 and 2022, but we think the firm has yet to secure a narrow economic moat around its business, largely due to uncertainties tied to an evolving virus and the changing competitive landscape for innovative vaccines.

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