').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Moderna To Hire Around 2,000 Employees Amid MRNA Development Push
The firm had about 3,900 full-time employees as of Dec. 31, according to a regulatory filing
Topics
Pharmaceutical companies | jobs
Moderna Inc said on Friday it was planning to hire about 2,000 employees globally by 2023-end and set up new offices on the US West Coast, as it aims to scale up development of new products amid declining Covid vaccine sales.
The Covid vaccine maker said it will open new offices in California and Seattle, adding that its Genomics unit will expand to south San Francisco.
The latest move comes at a time when Moderna has been working on developing vaccines for skin cancer, flu and respiratory syncytial virus (RSV) using its mRNA technology, which if approved would significantly boost the biotech company that currently relies heavily on its COVID-19 shot.
Last month, Moderna forecast rising costs for 2023 and a decline in COVID vaccine sales, raising concerns that the company could post a loss this year.
The firm had about 3,900 full-time employees as of Dec. 31, according to a regulatory filing.
Shares of the Cambridge, Massachusetts-based company were up more than 2% at $140.22 in afternoon trade.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, March 10 2023. 23:19 IST
RECENT NEWS
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more