Jefferies analyst Andrew Tsai says a breakthrough in a skin‑cancer vaccine positions Moderna to have more than seven marketed products by 2027-28. He notes the company is diversifying into respiratory drugs, oncology and AI-designed therapeutics. Jef

2026-08-20

Jefferies analyst Andrew Tsai says a breakthrough in a skin‑cancer vaccine positions Moderna to have more than seven marketed products by 2027-28. He notes the company is diversifying into respiratory drugs, oncology and AI-designed therapeutics. Jefferies projects 2026 revenue could rise up to 10% from $1.9bn in 2025, which could allow Moderna to reach break-even in 2028. Successful trials of Moderna’s experimental mRNA cancer vaccine could drive sales growth beginning in 2027.