Moderna Profit Falls Amid Charges for Unused Covid-19 Vaccines

Moderna is the latest drugmaker to post quarterly sales gains due to continued demand for its Covid-19 products.Photo: Rogelio V. Solis/Associated Press

Moderna Inc. sales rose 9% in the second quarter, but costs tied to a surplus of Covid-19 vaccine doses contributed to a profit decline.

The Cambridge, Mass.-based biotechnology company’s revenue came in at $4.75 billion in the period ended June 30, topping Wall Street analyst expectations, driven almost entirely by sales of its messenger RNA-based vaccine, branded as Spikevax.

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