Welcome to our dedicated page for Moderna news (Ticker: MRNA), a resource for investors and traders seeking the latest updates and insights on Moderna stock.
Moderna, Inc. (NASDAQ: MRNA) is a cutting-edge biotech company based in Cambridge, Massachusetts, founded in 2010. Moderna is at the forefront of pioneering messenger RNA therapeutics™, a revolutionary class of drugs that utilize mRNA technology to direct cells to produce proteins that can fight diseases. This innovative approach has shown promise in addressing targets that were previously considered untreatable with traditional drugs.
With over 200 patent applications and more than 10,000 claims, Moderna has a robust intellectual property portfolio that includes novel nucleotide chemistries and specific drug compositions. The company has successfully developed and commercialized several mRNA-based drugs, initially focusing on rare diseases and oncology, while partnering to advance drug candidates in other therapeutic areas.
Moderna’s mRNA technology gained global recognition with its COVID-19 vaccine, Spikevax®, which was one of the earliest vaccines to receive emergency use authorization in the United States in December 2020. As of mid-2023, Moderna had 39 mRNA development candidates in clinical trials, covering a wide range of therapeutic areas such as infectious diseases, oncology, cardiovascular diseases, and rare genetic disorders.
Some of Moderna's recent achievements include the advancement of three new vaccine programs—targeting Epstein-Barr virus, Varicella-Zoster virus, and norovirus—towards Phase 3 clinical trials. Additionally, the company initiated three new clinical studies combining its investigational individualized neoantigen therapy with Merck’s Keytruda® for treating various cancers.
Financially, Moderna reported first-quarter revenues of $167 million in 2024, with a GAAP net loss of $1.2 billion. Despite the decline in COVID-19 vaccine sales, the company reaffirms its 2024 expected product sales of approximately $4 billion. Moderna is preparing for the launches of its RSV vaccine and the Spikevax® 2024-2025 formula, demonstrating its commitment to fighting respiratory illnesses.
Moderna continues to focus on innovation and operational efficiency, utilizing AI technologies to enhance productivity. The company's long-term vision includes leveraging its mRNA platform to develop therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, and autoimmune diseases, striving to make a significant impact on global health.
IAVI and Moderna have initiated a Phase 1 clinical trial for an experimental HIV vaccine at George Washington University. The trial aims to evaluate mRNA-based immunogens' ability to induce neutralizing antibodies in healthy participants. Following promising results from a previous trial, this study will examine the effectiveness of the mRNA platform in vaccine design. The trial involves 56 volunteers and aims to produce critical immune responses against HIV variants. Supported by the Bill & Melinda Gates Foundation, this research represents a significant step in HIV vaccine development.
Moderna has commenced the Phase 2 study of its Omicron-specific booster candidate, mRNA-1273.529, with the first participant dosed. The study aims to evaluate the immunogenicity and safety of the booster in two cohorts: those with a primary series of mRNA-1273 and those with an additional 50 µg booster dose. While neutralizing antibodies against Omicron showed a 6.3-fold decline six months post-boost, they remained detectable in all participants. Moderna plans to share findings to inform public health decisions on booster strategies against SARS-CoV-2.
Moderna (NASDAQ:MRNA) reported shipping 807 million doses of its COVID-19 vaccine globally in 2021, with approximately 25% delivered to low- and middle-income countries. The company achieved product sales of about $17.5 billion for the year and has secured advanced purchase agreements (APAs) for 2022 totaling around $18.5 billion. Moderna is expanding its mRNA pipeline with 40 programs, including ongoing studies for COVID-19 and flu vaccines, and has partnered with Carisma Therapeutics for cancer therapy developments. The company remains focused on reinvesting in R&D and expanding its manufacturing capabilities.
On January 10, 2022, Moderna (NASDAQ: MRNA) announced a strategic collaboration with Carisma Therapeutics to develop in vivo engineered chimeric antigen receptor monocyte (CAR-M) therapeutics for cancer treatment. The agreement includes a $45 million upfront cash payment and a $35 million convertible note from Moderna to Carisma. Carisma will handle discovery, while Moderna will lead clinical development and commercialization. This partnership aims to enhance Moderna's oncology pipeline and leverage both companies' expertise in mRNA and engineered macrophages.
Moderna has initiated a Phase 1 study for its mRNA-1189 vaccine targeting Epstein-Barr Virus (EBV), with the first participant dosed. The trial, named Eclipse, aims to enroll approximately 270 participants in the U.S. EBV can cause infectious mononucleosis, with significant health impacts and no current vaccine available. The study will assess the safety and tolerability of mRNA-1189 in adults aged 18-30. Moderna is developing vaccines against latent viruses, expanding its portfolio alongside its CMV vaccine candidate.
Moderna, Inc. (NASDAQ:MRNA) will have its CEO, Stéphane Bancel, participate in a fireside chat at the Goldman Sachs 14th Annual Healthcare CEOs Unscripted Conference on January 6th, 2022, at 2:00 p.m. ET. A live webcast will be accessible in the Investors section of Moderna's website, with a replay available for 30 days post-event. Moderna has evolved over the past decade from an mRNA research-stage company to a leader in mRNA therapeutics and vaccines, contributing significantly to COVID-19 vaccine development.
Moderna, Inc. (Nasdaq:MRNA) will present updates on its mRNA pipeline at the 40th annual J.P. Morgan Healthcare Conference on January 10, 2022, at 8:15 a.m. ET. CEO Stéphane Bancel will lead the presentation. A live webcast will be available on Moderna's investor website, and a recorded version will be accessible for 30 days post-event. Moderna has advanced significantly in mRNA therapeutics and vaccines, particularly in response to the COVID-19 pandemic, and maintains a strong portfolio across various disease modalities.
Moderna, Inc. (NASDAQ:MRNA) announced a revised supply agreement with the South Korean government for 20 million doses of its COVID-19 vaccine or an updated booster candidate. This includes 15 million doses for the third quarter and 5 million doses for the fourth quarter of 2022. CEO Stéphane Bancel expressed gratitude for South Korea's proactive planning for the fall 2022 booster season. The company emphasizes its commitment to combating the COVID-19 pandemic, underscoring its evolution from research to a leading enterprise in mRNA therapeutics and vaccines.
Moderna, Inc. (NASDAQ:MRNA) announced that the Swiss Federal Government has ordered an additional seven million doses of its COVID-19 booster vaccine, increasing the total commitment to 27.5 million doses.
The booster can elevate neutralizing antibody levels against the Omicron variant significantly. Moderna aims to continually enhance its COVID-19 vaccine in response to emerging variants. SPIKEVAX is authorized for individuals 12 and older, and Moderna maintains a broad clinical portfolio across various therapeutic areas.
Moderna (MRNA) announced preliminary data showing that its COVID-19 booster mRNA-1273 significantly boosts neutralizing antibodies against the Omicron variant. A 50 µg booster raises levels 37-fold, while a 100 µg dose increases them by 83-fold. The company is advancing an Omicron-specific booster (mRNA-1273.529) into clinical trials. The 100 µg booster has been found safe and well-tolerated, with adverse events similar to the authorized 50 µg dose. A conference call is scheduled for 8:00 a.m. ET today to discuss further developments.
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