').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
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more