Covid-19 is a 2019 disease. Even though it didn't hit the US until 2020, it's showing its age. Moderna, a major Covid vaccine manufacturer, revealed their latest findings yesterday.
Moderna is ideal for tracking the Covid illness. Moderna started in 2000. Before becoming public, the corporation focused on research.
Pfizer and Johnson & Johnson, its partner Vax manufacturers, are so massive that the vaccine doesn't affect their bottom lines. Moderna's vaccination is everything.
The Moderna quarterly report showed improved sales, revenue, and earnings. Until the extraordinary stuff, it seems about appropriate. Unexpected things.
A half-billion-dollar write-off caught my eye initially. That's a big impact, especially for a corporation with only three excellent years. New companies monitor their P's and Q's. So a large write-off was unexpected.
This debacle's cause? A Moderna inventory expired. These were Moderna vaccinations that lingered on the shelf so long they passed their "use by" date. It had to destroy them.
Consider this. So Moderna doesn't sell its vaccine to you and me. They market vaccines to governments or the WHO. I'm very sure the US Government is their top client.
Suppose the US government wants 100 million doses. The Biden Administration just bought 66 million doses of Moderna's Omicron form of Covid 19 Vaccine, with an option to buy 300 million more. Each 100 million doses of Moderna costs $1.5 billion, or $15 a dosage.
So Moderna destroyed 33 million dosages last year, roughly. Unsold government doses Budget gaps.
EU and Covax, a partnership of smaller countries, have curtailed orders. The United States may be administering fewer immunizations. Customers have canceled $181 million in orders from Moderna.
All that means Moderna must cut back on production. A $131 million lease for a manufacturing plant they no longer require was written off.
I found Moderna's earnings report fascinating since it contradicts what we hear in the media. It sounds like the press and political leaders are asking for more restrictive efforts to battle Covid.
The president has Covid, as you know. The announcement has put the condition in the spotlight. New York and California have advised masks again, as has the CDC.
Autumn and winter are peak seasons for respiratory disorders.
In actual vaccination administration, Moderna is lagging. They're reducing back on expected output levels. Inventory destroyed, leased plant abandoned.
And this fits what others have told me. Many are over Covid. Tired of it. The safety and efficacy Dr. Fauci touted are under question. Nearly three years have passed since we lost liberties.
Why are there 2 million adverse events on VAERS (Vaccine Adverse Events Reporting System) if it's so safe?
Maybe I'll skip the vaccines, masks, and lockdown and live normally again.
In 2022, Covid is so 2019.
The preceding is a summary of an article that originally appeared on Independent Sentinel.
