Endpoints News dug into this week’s earnings calls to gather biopharma manufacturing updates. We found that Moderna is cutting its manufacturing activities, while Amgen provided updates on two facility builds.
Moderna has started downsizing its manufacturing in the third quarter as the Covid-19 pandemic shifts to an epidemic. The company’s manufacturing footprint was “built for a pandemic,” chief financial officer James Mock said on an earnings call Thursday. Moderna is undergoing “continuous improvement projects to drive a reduction in cost of manufacturing,” CEO Stéphane Bancel added, according to an AlphaSense transcript.
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