# If Moderna moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/moderna · Facet: ripple · Updated: 2026-10-09T20:24:05.807+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Moderna is directly linked to 6 companies (2 supply, 3 revenue, 1 investment relationships) and reaches 13 companies within two hops; the links are backed by 12 dated sources, 5 of them primary filings (as of 2026-10-09).

Moderna operates across mRNA vaccines and therapeutics. After -29.1% in 2025, it rebounded +393.6% in 2026. The stock (+393.6%) is ahead of both its demand side (avg +28.8%) and supply side (avg +6.1%). Having run ahead of its chain, it is the first spot to give back if customer numbers fail to follow. Among connected nodes the furthest ahead is Merck & Co. (+44.9%) and the furthest behind is Thermo Fisher Scientific (+6.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It spends through both internal plants and external manufacturers such as Lonza, Thermo Fisher and ROVI, and also uses outside funding from investors including Blackstone for late-stage development.

## Demand chain (leading)
- T1 Merck & Co. (https://valuechain.wiki/merck-co.md)
- T2 McKesson Corporation (https://valuechain.wiki/mckesson.md)
- T3 CVS Health (https://valuechain.wiki/cvs-health.md)
- T3 Walmart Inc (https://valuechain.wiki/walmart.md)
- T1 Cardinal Health, Inc. (https://valuechain.wiki/cardinal-health.md)
- T1 Vertex Pharmaceuticals Incorporated (https://valuechain.wiki/vertex-pharmaceuticals.md)

## Supply chain (benefiting)
- T1 Blackstone (https://valuechain.wiki/blackstone.md)
- T2 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Core Scientific (https://valuechain.wiki/core-scientific.md)
- T3 Vertiv (https://valuechain.wiki/vertiv.md)
- T3 Super Micro (https://valuechain.wiki/super-micro.md)
- T2 Medtronic plc (https://valuechain.wiki/medtronic.md)
- T3 Abbott Laboratories (https://valuechain.wiki/abbott-laboratories.md)
- T2 EQT Corporation (https://valuechain.wiki/eqt.md)
- T3 Williams Companies (https://valuechain.wiki/williams.md)
- T3 Sempra (https://valuechain.wiki/sempra.md)
- T2 PPL Corporation (https://valuechain.wiki/ppl.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T2 Alnylam Pharmaceuticals (https://valuechain.wiki/alnylam-pharmaceuticals.md)
- T3 Agilent Technologies, Inc. (https://valuechain.wiki/agilent-technologies.md)
- T1 Thermo Fisher Scientific (https://valuechain.wiki/thermo-fisher-scientific.md)
- T2 Solventum (https://valuechain.wiki/solventum.md)
- T1 Danaher Corporation (https://valuechain.wiki/danaher.md)

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Full node: https://valuechain.wiki/moderna.md · JSON: https://valuechain.wiki/moderna.json