
Moderna (MRNA) Shares Drop 8% despite Impressive Result from Cancer Vaccine Phase 2 Trial
With the second phase concluded, the Phase 3 melanoma trial will begin soon.
With the second phase concluded, the Phase 3 melanoma trial will begin soon.
In addition to noting that Moderna will lead the RSV vaccine market, Cowen also referred to major opinion leaders’ belief in the pharmaceutical company competing in a “three-player vaccine market”.
Except for its recent jump, Moderna stock has been at the lows. The remarkable Q1 2022 performance may give Moderna a boost and help its stock to rebound.
According to Bancel, Moderna is working “with public health leaders around the world” to produce a booster to tackle the Omicron variant.
Moderna said that it had mobilized hundreds of workers last week during the Thanksgiving holiday to start studying the deadly Omicron variant.
The anticipation of a booster shot approval has sent Moderna shares up.
Moderna earned $7.70 per share for its latest quarter versus the $9.05 Refinitiv consensus estimate.
The quest to update the Covid-19 vaccine by Moderna follows the resurgence of the virus under a new variant dubbed Delta.
Stocks of major vaccine makers rose on Monday amid renewed outbreak of COVID-19. Moderna CEO adds that vaccine makers have a huge opportunity for growth.
Moderna’s mRNA vaccine has shown strong results with the delta, beta, and eta COVID-19 variants which have been the cause of concern over the last few months. The US pharma giant also secured emergency approval from the Government of India to use its vaccine for authorized purposes.
Moderna’s booster shots combined with new COVID-19 vaccine variant is capable of creating more antibodies especially against the Brazilian and South African variant. Moderna will soon publish tests of its trials online. Besides, all eyes are on its earnings reports releasing later today.
The potential efficacy in the approved Pfizer-BioNTech and Moderna vaccines is spurring a delay in second dose administration by some nations, especially those with limited supplies of the jabs.
In 2021, it is expected that Moderna will to generate $11 billion in revenue from its vaccine.
Moderna’s top-executives have assured that the vaccine would be effective to a certain degree on the new mutations. However, they are willing to see more results under different conditions. Moderna has received a positive review from field experts as well!
With the existence of huge global demand for the vaccine, Moderna stock is expected to rally further in the coming quarters.