The "mRNA gold rush" is over and it feels like it

lv · 2026-04-07T16:00:00.000Z

During the pandemic, we were heroes. Now, with the stock price cratering and the 2026 commercial targets looking impossible, the atmosphere in Cambridge is pure stress. They are "prioritizing the pipeline," which is corporate-speak for cutting R&D budgets on everything that isn’t a guaranteed hit. The culture of innovation is being replaced by a culture of survival.

The "mRNA gold rush" is over and it feels like it | Moderna Discussions