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.
Moderna (Nasdaq: MRNA) has received authorization from the government of India for its COVID-19 vaccine for emergency use in adults aged 18 and older. This marks a significant milestone in the global fight against the pandemic. The vaccine is already authorized in over 50 countries and has received Emergency Use Listing from the WHO. Moderna, recognized for its rapid development capabilities, continues to expand its mRNA platform with ongoing development programs across various therapeutic areas.
Moderna (Nasdaq: MRNA) announced new findings from in vitro studies showing that its COVID-19 Vaccine effectively produces neutralizing titers against various SARS-CoV-2 variants. Vaccination elicited neutralization against all tested variants, including Beta, Delta, and others. Although some variants showed reduced antibody response, overall effectiveness remains promising. Moderna is actively studying new variants and developing a multivalent booster candidate. The mRNA platform continues to support vaccine development initiatives to combat evolving strains of the virus.
Moderna (NASDAQ: MRNA) announces that Kate Cronin will join as Chief Brand Officer on July 12, 2021. She will be part of the Executive Committee, reporting to CEO Stéphane Bancel. Cronin, previously Global CEO at Ogilvy Health, brings extensive experience in brand strategy and marketing in the biopharmaceutical sector. She aims to enhance Moderna's brand and communicate its potential in mRNA therapeutics. Moderna continues to evolve, with a diverse pipeline and a strong commitment to advancing mRNA science in vaccines and therapeutics.
Moderna, Inc. (Nasdaq: MRNA) announced the European Commission's purchase of an additional 150 million doses of its COVID-19 vaccine, raising total commitments to 460 million doses. Deliveries of the updated vaccine are set to begin in 2022, pending regulatory approval. Initial Phase 2 study data revealed that a 50 µg booster dose significantly increased neutralizing antibodies against SARS-CoV-2 variants. Moderna continues to meet its EU delivery commitments for 2021, supported by its mRNA platform and expanded manufacturing capabilities.
Moderna (Nasdaq: MRNA) has significantly expanded its workforce in Massachusetts, increasing from approximately 830 to 1,500 employees between March 2020 and March 2021. The company has created over 650 new jobs at its Norwood manufacturing facility. Moderna received a tax incentive from the Massachusetts Life Sciences Center for its commitment to employ 155 new full-time staff until 2025. A recent expansion in Norwood will boost Moderna's COVID-19 vaccine production capacity by 50%, aiming for up to 3 billion doses by 2022.
Moderna (Nasdaq: MRNA) has announced a U.S. government purchase of an additional 200 million doses of its COVID-19 vaccine, bringing the total confirmed commitment to 500 million doses. Deliveries include 110 million doses in Q4 2021 and 90 million in Q1 2022. As of June 14, 2021, Moderna has supplied 217 million doses. CEO Stéphane Bancel emphasized the collaboration's importance for vaccination efforts, including potential boosters. The company has received various authorizations globally for its vaccine and continues research funded by the U.S. government.
Moderna (Nasdaq: MRNA) has partnered with Magenta Investments to distribute the Moderna COVID-19 Vaccine and updated variant booster candidates in the UAE for 2021 and 2022. This agreement aims to enhance vaccine access in the region as part of a global effort against the COVID-19 pandemic. The Moderna vaccine utilizes an mRNA platform and has received various emergency authorizations across numerous countries. Moderna's commitment to innovation in vaccine technology continues to drive its position in the biopharmaceutical industry.
Rafael Holdings, Inc. (NYSE: RFL) announced the appointment of three new members to its Board of Directors: Ameet Mallik, CEO; Shannon Thyme Klinger, Chief Legal Officer of Moderna; and Mark McCamish, CEO of IconOVir Bio. Chairman Howard Jonas expressed optimism, stating the new board members bring significant expertise to advance the company's oncology pipeline. Ameet Mallik highlighted the importance of their industry experience in maximizing the potential of their therapeutics.
Moderna (Nasdaq: MRNA) announced the appointment of Paul Burton, M.D., Ph.D., as Chief Medical Officer, effective July 6, 2021. He brings over 16 years of experience from Johnson & Johnson, where he led global medical affairs. CEO Stéphane Bancel emphasized Burton's expertise as crucial for Moderna's international expansion and innovation in mRNA therapeutics. Burton’s background includes extensive publication in peer-reviewed journals and a focus on leveraging data science in medical engagement. His hiring follows the departure of previous CMO Tal Zaks after six years of service.
Moderna (Nasdaq: MRNA) has submitted an authorization application to Swissmedic for its COVID-19 vaccine's use in adolescents. CEO Stéphane Bancel expressed optimism about the vaccine's efficacy, noting a 100% effectiveness rate in a Phase 2/3 study with nearly 2,500 participants. The vaccine's safety profile remained consistent with previous studies, with mild adverse events reported. Moderna is also pursuing regulatory approvals globally, as it aims to aid in controlling the COVID-19 pandemic.
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