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 signed an agreement with Sanofi (Nasdaq: SNY) for fill/finish sterile manufacturing and packaging of up to 200 million doses of the Moderna COVID-19 Vaccine in the U.S., starting September 2021. This partnership aims to enhance production capacity, with Sanofi utilizing its manufacturing site in Ridgefield, NJ. Juan Andres, Moderna’s Chief Technical Operations and Quality Officer, expressed gratitude to the Department of Health and Human Services and the Biden Administration for facilitating this collaboration, emphasizing its importance for scaling up vaccine supply.
Moderna, Inc. (Nasdaq: MRNA) announced a new supply agreement with Israel for 2022, allowing Israel to purchase doses of Moderna's COVID-19 vaccine and a variant-specific vaccine pending regulatory approval. This follows two previous agreements totaling 10 million doses. CEO Stéphane Bancel emphasized the significance of this agreement as a milestone for 2022 supply and ongoing clinical trials for variant-specific boosters, which have shown promising preclinical efficacy against COVID-19 variants.
Moderna, Inc. (Nasdaq: MRNA) will host a live conference call on May 6, 2021, at 8:00 a.m. ET to report its Q1 2021 financial results and provide a corporate update. Investors can join by dialing 866-922-5184 (domestic) or 409-937-8950 (international) with conference ID 7487119. The call will also be webcast and archived on Moderna’s investor website for a year. Over the past ten years, Moderna has evolved significantly, developing a diverse portfolio of vaccines and therapeutics, including one of the earliest COVID-19 vaccines, thanks to its advanced mRNA technology.
Moderna (Nasdaq: MRNA) hosted its second annual Vaccines Day, showcasing its mRNA vaccine capabilities. The company revealed new positive interim Phase 1 data for its Respiratory Syncytial Virus (RSV) vaccine candidate (mRNA-1345) and interim Phase 2 data for its cytomegalovirus (CMV) candidate. Moderna aims to leverage its mRNA platform to accelerate vaccine development, addressing the significant gap in available vaccines for many human viruses. The Phase 1 analysis indicates mRNA-1345 is well-tolerated, with no severe adverse events reported, furthering Moderna's innovative vaccine pipeline.
Moderna (Nasdaq: MRNA) released updates on its COVID-19 Vaccine program, highlighting progress in variant-specific booster candidates mRNA-1273.351 and mRNA-1273.211, which show increased neutralizing titers against concerning SARS-CoV-2 variants. Approximately 132 million doses have been delivered globally, with efficacy rates exceeding 90% for all COVID-19 cases and over 95% for severe cases. The company is running multiple studies, including the Phase 2/3 TeenCOVE and KidCOVE studies, while also reporting no association between its vaccine and cerebral venous sinus thrombosis after administering over 64.5 million doses.
Moderna (Nasdaq: MRNA) has announced that David Meline, CFO, and Lavina Talukdar, SVP of Investor Relations, will engage in a fireside chat at the 20th Annual Needham Virtual Healthcare Conference on April 15, 2021, at 11:45 a.m. ET. The event will be accessible via a live webcast on Moderna's investor website, with a replay available for 30 days after the presentation.
Over the past decade, Moderna has evolved from an mRNA research stage entity into a leader in mRNA therapeutics and vaccines, currently advancing 24 development programs across various medical fields.
Moderna, Inc. (Nasdaq: MRNA) announced the publication of data in The New England Journal of Medicine showcasing the persistent antibody response achieved by its COVID-19 vaccine six months post-second dose. The study involved 33 participants from a Phase 1 trial, confirming robust antibody levels, aligning with prior findings on natural COVID-19 immunity. Ongoing studies will further evaluate immune responses. Moderna is also advancing its clinical strategy to combat emerging variants and enhance vaccine efficacy as part of its commitment to addressing the pandemic.
Moderna and Catalent have expanded their strategic collaboration, dedicating a new high-speed vial filling line at Catalent's Bloomington facility for the production of the Moderna COVID-19 Vaccine. This expansion follows a successful milestone of 100 million doses achieved in March 2021. The new line will support not only the COVID-19 vaccine but also other investigational programs in Moderna's pipeline until June 2023. Catalent's investment of $50 million will enhance manufacturing capabilities and expedite project timelines.
Moderna (Nasdaq: MRNA) announced FDA authorization allowing the COVID-19 vaccine to be stored at room temperature for 24 hours, an increase from 12 hours, and a punctured vial can now be used for up to 12 hours instead of 6. Additionally, FDA approved new vial presentations for 11 and 15 doses. This change aims to facilitate easier administration and improve vaccine access. The company is committed to optimizing production to enhance vaccine distribution while maintaining quality and safety.
Ximedica has partnered with Moderna (Nasdaq: MRNA) to create a prototype for rapid mobile vaccine and therapeutic manufacturing under DARPA's Nucleic Acids On-Demand World-Wide Program. The collaboration, which spans four years, aims to develop a mobile platform that can quickly diagnose and respond to pathogen threats. Ximedica will receive up to $11 million in funding for this initiative. The project envisions manufacturing units that can produce hundreds of doses in just days, ensuring timely medical responses in remote locations worldwide.