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Shares of Moderna fell on Thursday, despite the company reporting its first profitable quarter

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Moderna not only recorded profits for the first quarter, but also raised the 2021 sales outlook for its covid-19 vaccine, as various countries ramp up their inoculation drive. Investors grew concerned, however, about the US proposing to temporarily lift patent protection for covid-19 vaccines.

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Source: https://www.adss.com/en/market-updates/moderna-shares-slide-despite-1st-quarterly-profit/?utm_source=google_my_business&utm_medium=post&utm_campaign=google_my_business&utm_content=post
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