Moderna - MRNA STOCK NEWS

Moderna reported Q3 2024 financial results with revenues of $1.9 billion and GAAP net income of $13 million ($0.03 EPS). Product sales reached $1.8 billion, including $1.2 billion in U.S. sales and $0.6 billion internationally. The company reiterates 2024 expected product sales of $3.0-3.5 billion. Cost of sales decreased 77% to $514 million. R&D expenses decreased 2% to $1.1 billion, while SG&A expenses dropped 36% to $281 million. Cash position stands at $9.2 billion. The company initiated Phase 3 trials for norovirus and influenza vaccines, and expanded its Executive Committee.

Carisma Therapeutics (Nasdaq: CARM) announced new pre-clinical data presentation on their anti-GPC3 in vivo CAR-M therapy for hepatocellular carcinoma (HCC) at SITC 2024. The therapy, developed with Moderna, uses lipid nanoparticles to deliver mRNA that reprograms endogenous myeloid cells, creating an off-the-shelf treatment approach for GPC3+ solid tumors.

The data, demonstrating robust anti-tumor activity, will be presented on November 8, 2024, at the SITC Annual Meeting in Houston, Texas. The presentation focuses on targeting Glypican-3, a tumor-associated antigen commonly expressed in HCC. Two posters will be presented, including one on the pre-clinical efficacy of anti-GPC3 CAR-M and another on a Phase 1 study of anti-HER2 CAR therapy.

Moderna (NASDAQ:MRNA) has announced its participation in three major healthcare conferences in November 2024. The company will present at the Guggenheim's Inaugural Healthcare Innovation Conference on November 12th at 10:00am ET, the UBS Global Healthcare Conference on November 13th at 3:30pm PT, and the Jefferies London Healthcare Conference on November 21st at 2:00pm GT. Live webcasts of all presentations will be accessible through the Investors section of Moderna's website, with replays available for at least 30 days after each event.

Merck (MRK) and Moderna have initiated INTerpath-009, a Phase 3 clinical trial evaluating V940 (mRNA-4157) combined with KEYTRUDA for patients with resectable Stage II, IIIA or IIIB non-small cell lung cancer (NSCLC). The trial targets patients who didn't achieve complete response after neoadjuvant KEYTRUDA plus platinum-based chemotherapy. This marks the third Phase 3 trial for V940, focusing on earlier cancer stages. Patient enrollment has begun in Canada, expanding the companies' collaborative INTerpath clinical program which includes trials for melanoma, lung cancer, cutaneous squamous cell carcinoma, renal cell carcinoma, and urothelial carcinoma.

Moderna (NASDAQ:MRNA) has been named a top employer in the global biopharmaceutical industry by Science and Science Careers' 2024 Top Employers Survey for the tenth consecutive year. The company was recognized for its innovation, employee respect, and social responsibility.

Key 2024 achievements include implementing ChatGPT Enterprise across the organization, establishing a new global headquarters in Cambridge, Massachusetts, and continuing development of a Marlborough manufacturing site. The company also celebrated the second anniversary of its Charitable Foundation and released its third ESG Report.

The Science survey gathered over 6,400 responses from readers worldwide, with 65% from North America, 19% from Europe, and 11% from Asia/Pacific Rim.

Moderna (NASDAQ:MRNA) has announced its plans to report third quarter 2024 financial results on Thursday, November 7, 2024. The company will host a live conference call and webcast at 8:00 a.m. ET to discuss the results and provide a corporate update. Investors can access the live webcast through the 'Events and Presentations' section of Moderna's website. The archived webcast will be available approximately two hours after the conference call and will remain accessible for one year following the event. This announcement serves as a notice to shareholders and interested parties about the upcoming financial disclosure and opportunity to gain insights into Moderna's recent performance and future outlook.

Moderna (NASDAQ:MRNA) has announced the appointment of Abbas Hussain to its Board of Directors, effective October 2, 2024. Hussain, the former CEO of Vifor Pharma, brings over 35 years of commercial leadership and operating experience in healthcare. His background includes serving as Global President of GSK, Pharmaceuticals and Vaccines, providing significant global vaccine commercialization experience in emerging and mature markets.

Moderna's leadership, including Chairman Noubar Afeyan and CEO Stéphane Bancel, expressed enthusiasm about Hussain's addition to the board, citing his strategic insights and global operational expertise as valuable assets for the company's continued growth and innovation. Hussain's extensive experience is expected to strengthen Moderna's commercial organization and support the launch of innovative products.

Moderna and Cenra Healthcare have announced a joint agreement for the co-promotion of Moderna's mRNA respiratory vaccine portfolio in Taiwan, including the COVID-19 vaccine Spikevax. The agreement, effective until July 31, 2027, involves Moderna manufacturing and distributing the vaccines, while Cenra Healthcare will handle promotion and medical education activities to ensure broad access across Taiwan.

Joyce Lee, General Manager of Moderna in Taiwan, expressed excitement about partnering with Cenra Healthcare, citing their expertise in infectious diseases and respiratory products. Lucas Lin, General Manager of Cenra Healthcare, emphasized their ability to support Taiwan's immunization programs through collaboration with healthcare providers and communities.

The partnership aims to advance public health initiatives in Taiwan, particularly as respiratory diseases continue to pose a global threat. Financial terms of the deal were not disclosed.

Moderna has announced the dosing of the first participant in the Nova 301 Trial, a pivotal Phase 3 clinical trial for its investigational mRNA norovirus vaccine, mRNA-1403. The trial aims to evaluate the efficacy, safety, and immunogenicity of the vaccine in preventing moderate to severe norovirus acute gastroenteritis (AGE) in adults.

The study plans to enroll approximately 25,000 participants globally, with a focus on adults 60 years and older who are at higher risk of severe outcomes. The trial will be conducted in various countries across the Northern Hemisphere, equatorial region, and Southern Hemisphere.

Norovirus is a significant public health concern, causing millions of infections worldwide annually and resulting in approximately 200,000 deaths per year. mRNA-1403 is a trivalent formulation designed to protect against multiple norovirus genotypes by encoding for virus-like particles (VLPs).