Moderna rockets as vaccine offers 'new paradigm ' in cancer treatment
"It's a tremendous step forward in immunotherapy"
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MRNA:[TICKER]
Moderna Inc is a leader in the creation of the field of mRNA medicine. Through the advancement of mRNA technology, Moderna is reimagining how medicines are made and transforming how we treat and prevent disease for everyone. By working at the intersection of science, technology and health for more than a decade, the company has developed medicines at unprecedented speed and efficiency, including one of the earliest and most effective COVID-19 vaccines.
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"It's a tremendous step forward in immunotherapy"
The US drug developer's largely positive data mirrored similar findings released recently by Pfizer
Fewer people opting for covid jabs has led to decreased revenue for Moderna
The US firm exercised and option that will allow to help develop and commercialise the new treatment
The £1bn deal will see the vaccine manufacturer collaborate with the UK government to build a manufacturing facility for messenger RNA vaccines for COVID and flu
The risk of re-infection was around eight times higher for Omicron variants of Covid-19, compared to the Delta variant
Monkeypox is common in parts of Africa, but very rarely seen elsewhere
Though Gomez left Moderna after just one day in office, he will still receive his full US$700,000 salary for one year
Sales of the Moderna vaccine were $5.9 billion in the first quarter, and the firm projects $21 billion total in 2022
Moderna's fortunes have been transformed by its Covid jab
Moderna, which sold 510mln doses of its COVID-19 vaccine in the final nine months of last year, has been long searching for overseas investments with plans in Africa, Canada, and Australia revealed in 2021
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At the close, the Dow fell 433 points to 34,932, while the S&P 500 eased 53 points at 4,568 and the tech-heavy Nasdaq slipped 189 points to 14,981
The new COVID-19 variant, first detected in South Africa, has now been found in more than a dozen countries, causing many nations to restrict travel
Existing vaccines may need to be modified, which could take months, Stéphane Bancel told the FT
Shares in Moderna jumped 10% today while Pfizer inched higher
Bottling capacity is proving a problem said the US pharma
Moderna is seeking authorisation for a 50 micrograms dose for the vaccine booster, which is half of its regular dose
Prices for the latest order would be at its lowest tier, said the drug group's statement.
Even those who are not vaccinated will develop natural immunity