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Barrons
Moderna Faces Challenges Beyond the Covid Vaccine. Its Stock Is Still a Buy.
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The Canary in the Coal Mine for College Enrollment

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https://www.barrons.com/articles/buy-moderna-stock-long-term-covid-vaccine-51643383455

 * Biotech and Pharma
 * Feature


MODERNA FACES CHALLENGES BEYOND THE COVID VACCINE. ITS STOCK IS STILL A BUY.

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By
Josh Nathan-Kazis
Updated Jan. 28, 2022 10:50 am ET / Original Jan. 28, 2022 10:25 am ET
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 * Print Article



A HEALTHCARE WORKER ADMINISTERING A VACCINATION FOR COVID-19 IN MUNICH. MODERNA
HAS SOLD OR CONTRACTED TO SELL $36 BILLION WORTH OF ITS COVID-19 VACCINE SINCE
THE START OF 2021.

Michaela Handrek-Rehle/Bloomberg

In 2019, four pharmaceutical giants shared virtually all of the $33 billion
worth of vaccine revenue earned worldwide.

Moderna (ticker: MRNA), meanwhile, had just 830 employees and no product sales.

The pandemic has upended the vaccine business. Moderna has sold or contracted to
sell $36 billion worth of its Covid-19 vaccine since the start...

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 * Economy & Policy


THE CANARY IN THE COAL MINE FOR COLLEGE ENROLLMENT

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By
Tolani Britton
Jan. 31, 2022 5:00 am ET
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MULTIPLE FACTORS INCLUDING RISING COSTS, THE COVID PANDEMIC, AND CHANGES TO
VIRTUAL LEARNING ARE COMPLICATING STUDENTS' DECISIONS TO GO TO COLLEGE.

Dreamstime

About the author: Tolani Britton is an assistant professor at the University of
California Graduate School of Education.

To attend college or not to attend college? In the face of high college costs, a
global pandemic, numerous colleges offering primarily virtual classes, and
rising wages for jobs that do not require a college education, the answer to
this question is less clear than it might have been two years ago.

But what makes sense for millions of individuals adds up to something less clear
for the economy as a whole. Rates of college enrollment are declining, with
estimates from the National Student Clearinghouse placing the decline at over
6.5% from fall 2019 to fall 2021. While some sectors, particularly the community
college sector and public four-year colleges, have seen relatively larger
declines in enrollment, almost all sectors have enrolled fewer students. 

It is important to note that the decreasing number of young persons enrolling in
college is not a

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MODERNA FACES CHALLENGES BEYOND THE COVID VACCINE. ITS STOCK IS STILL A BUY.

In 2019, four pharmaceutical giants shared virtually all of the $33 billion
worth of vaccine revenue earned worldwide.

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