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Yahoo BusinessAug 10, 2020
Moderna (MRNA): 5-Star Analyst Joins the COVID-19 Vaccine Pricing Debate
The narrative surrounding COVID-19-focused pharma companies is developing a new tone. While none of the players involved in the race to bring a vaccine to market have reached the final regulatory hurdles just yet, progress is being made with several Phase 3 trials already taking place.The talk is now centered around the issue of pricing - how much each company plans to sell its vaccine for.On the clinical trial front, mRNA vaccine maker Moderna (MRNA) is among the pack's leaders. A Phase 3 clinical trial for mRNA-1273, its COVID-19 vaccine candidate, kicked off last week and data should be published before the year is over, or best-case scenario, by as early as October.Moderna has several small volume agreements in place to supply $400 million-worth of the potential vaccine, which price the vaccine in the $32-$37 range. Per a recent presentation, Moderna implied it values the vaccination at roughly $300 per course. So, this pricing is far lower than what Moderna would like to sell mRNA-1273 for.However, given the current climate and the public's desperate need for a vaccine taken into account, Chardan analyst Geulah Livshits believes the pricing plan "would place Moderna towards the top end among other recently-announced government agreements."For 100 million doses, BNTX/Pfizer's candidate is priced at $1.95 billion, Johnson & Johnson's at $1 billion, Sanofi/GSK's at $2.1 billion, and Novavax's at $1.6 billion. AstraZeneca's candidate is priced at $1.2 billion for 300 million doses. So, at

Yahoo BusinessAug 10, 2020
Occidental posts $8 billion loss, outlines oil production cuts
Occidental, which borrowed heavily to finance last year's $38 billion purchase of rival Anadarko Petroleum, cut the value of its oil and gas properties by $6.6 billion, joining BP, Chevron and Total in massive write-downs as the industry now expects energy prices to stay low for years. Its oil and gas production will fall 13% this quarter over last, and another 5% in the fourth quarter, to 1.16 million barrels of oil and gas per day, the company said. In the Permian, where it became the largest operator through the Anadarko purchase, shale output will drop 37% this year, it said.


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