STOCK TITAN

Moderna, Inc. - MRNA STOCK NEWS

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.

Rhea-AI Summary

Moderna, Inc. (Nasdaq: MRNA) has secured a supply agreement with the UK government for an additional 2 million doses of its COVID-19 vaccine candidate, mRNA-1273, starting March 2021. This brings the total doses committed to the UK to 7 million. The agreement supports the UK's strategy to ensure access to effective vaccines. Moderna has also reported a 94.5% efficacy rate from its Phase 3 clinical trials involving over 30,000 participants and plans to increase its production capacity to deliver up to 1 billion doses annually.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
covid-19
-
Rhea-AI Summary

Moderna, Inc. (Nasdaq: MRNA) has announced its participation in several upcoming virtual investor conferences. Key events include the Evercore ISI 3rd Annual HealthCONx Conference on December 1, 2020, Piper Sandler 32nd Annual Virtual Healthcare Conference on December 2, 2020, Nasdaq 43rd Virtual Investor Conference on December 4, 2020, and BMO 2020 Growth & ESG Conference on December 9, 2020. A live webcast of each presentation will be accessible on Moderna's investor website, with replays available for 30 days post-event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.35%
Tags
conferences
-
Rhea-AI Summary

Moderna, Inc. (Nasdaq: MRNA) has secured approval from the European Commission for an agreement to supply 80 million doses of its COVID-19 vaccine candidate, mRNA-1273. The contract, which can be expanded to 160 million doses, marks a significant step in the EU's efforts to secure access to effective vaccines. Pending regulatory approvals, deliveries may commence as early as Q1 2021. Moderna's vaccine has shown a promising efficacy rate of 94.5% in Phase 3 trials. The company is on track to manufacture up to 1 billion doses globally in 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.78%
Tags
covid-19
Rhea-AI Summary

Moderna, a biotechnology company based in Cambridge, announced that the European Medicines Agency (EMA) has initiated a rolling review of its COVID-19 vaccine candidate, mRNA-1273. This follows the confirmation of eligibility for submission on October 14, 2020. The Phase 3 study of mRNA-1273 has reported an efficacy of 94.5%, involving over 30,000 participants. Moderna aims to scale up production to deliver 500 million doses annually, potentially reaching 1 billion doses by 2021, in collaboration with strategic partners Lonza and ROVI.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
Tags
covid-19
-
Rhea-AI Summary

Moderna (Nasdaq: MRNA) has entered a supply agreement with the U.K. government to provide mRNA-1273, its COVID-19 vaccine candidate, starting in March 2021, pending regulatory approval. The U.K. aims to secure safe and effective COVID-19 vaccines. The Phase 3 COVE study shows mRNA-1273 has a vaccine efficacy of 94.5% with over 30,000 participants. Moderna continues to strengthen its manufacturing capabilities, targeting delivery of 500 million to 1 billion doses annually beginning in 2021, aided by partnerships with Lonza and ROVI.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
Tags
covid-19
-
Rhea-AI Summary

Moderna (Nasdaq: MRNA) announced that its Phase 3 COVE study for mRNA-1273, a COVID-19 vaccine, met pre-specified efficacy criteria with a vaccine efficacy of 94.5%. The interim analysis included over 30,000 participants and showed only 5 COVID-19 cases in the vaccine group versus 90 in the placebo group. The Data Safety Monitoring Board reported no significant safety concerns. Moderna plans to submit for Emergency Use Authorization (EUA) with the FDA, anticipating 20 million doses ready for distribution in the U.S. by year-end 2020.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.58%
Tags
clinical trial covid-19
Rhea-AI Summary

Moderna (Nasdaq: MRNA) announces new data confirming that its COVID-19 vaccine candidate, mRNA-1273, remains stable at 2° to 8°C for 30 days, extending previous estimates from 7 days. The vaccine can also be stored at -20°C for up to six months and room temperature for 12 hours. These stability improvements are crucial for distribution across pharmacies and hospitals, facilitating wider vaccinations. Moderna is working with regulatory bodies to submit this data for approval while ensuring vaccine accessibility and streamlined logistics.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.58%
Tags
covid-19
-
Rhea-AI Summary

Moderna (Nasdaq: MRNA) announced that Swissmedic has initiated a rolling review of its COVID-19 vaccine candidate, mRNA-1273. This follows positive results from a preclinical study and interim analysis of Phase 1 trials showing strong immune responses. The rolling review allows for quicker authorization, contingent on meeting Swissmedic's safety and efficacy standards. Moderna completed enrollment for its Phase 3 COVE study with 30,000 participants, focusing on the vaccine's effectiveness across age groups. CEO Stéphane Bancel expressed optimism about the collaboration with Swissmedic, highlighting promising data.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
covid-19
-
Rhea-AI Summary

Moderna, Inc. (Nasdaq: MRNA) announced the completion of case accrual for the first interim analysis of its Phase 3 COVE study of mRNA-1273, a COVID-19 vaccine candidate. With significantly increased case identification, the analysis will include more than the targeted 53 cases. The COVE study enrolled 30,000 participants, focusing on those at high risk for severe COVID-19. The study aims to prevent symptomatic and severe disease, with results expected to influence regulatory decisions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.51%
Tags
covid-19
Rhea-AI Summary

Moderna, Inc. (Nasdaq: MRNA) has released interim data from its Phase 1 study of the mRNA personalized cancer vaccine (PCV) mRNA-4157, presented at SITC 2020. The study involved 10 HPV(-) Head and Neck Squamous Cell Carcinoma patients and 17 Micro-Satellite Stable Colorectal Cancer patients. Notably, 50% of patients in the HPV(-) cohort experienced tumor shrinkage, with two achieving complete responses. The overall disease control rate was 90%, and median progression-free survival reached 9.8 months. Moderna plans to expand the cohort based on this encouraging data.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.4%
Tags
none

FAQ

What is the current stock price of Moderna (MRNA)?

The current stock price of Moderna (MRNA) is $69.86 as of September 18, 2024.

What is the market cap of Moderna (MRNA)?

The market cap of Moderna (MRNA) is approximately 27.7B.

What is Moderna’s core business?

Moderna is pioneering mRNA therapeutics and vaccines, focusing on using mRNA technology to direct cells to produce proteins that can treat a wide range of diseases.

What are some recent achievements of Moderna?

Moderna has advanced three new vaccine programs to Phase 3 clinical trials and initiated clinical studies combining individualized neoantigen therapy with Merck’s Keytruda®.

How did Moderna gain global recognition?

Moderna gained global recognition through its COVID-19 vaccine, Spikevax®, which was one of the earliest vaccines to receive emergency use authorization in the United States in December 2020.

What is Moderna’s financial outlook for 2024?

Despite a decline in COVID-19 vaccine sales, Moderna expects 2024 product sales to be approximately $4 billion and is preparing for the launches of its RSV vaccine and the Spikevax® 2024-2025 formula.

What is the significance of Moderna’s mRNA technology?

Moderna’s mRNA technology represents a breakthrough in treating previously untreatable targets and offers a superior alternative to existing drug modalities for a wide range of disease conditions.

Where is Moderna headquartered?

Moderna is headquartered in Cambridge, Massachusetts.

How many mRNA development candidates does Moderna have?

As of mid-2023, Moderna had 39 mRNA development candidates in clinical trials.

What areas does Moderna’s mRNA platform cover?

Moderna’s mRNA platform covers therapeutic areas such as infectious diseases, oncology, cardiovascular diseases, and rare genetic disorders.

How is Moderna enhancing its operations?

Moderna is enhancing its operations by utilizing AI technologies to streamline processes and increase productivity.

What is Moderna’s approach to partnerships?

Moderna partners with other companies to develop and commercialize mRNA drugs in various therapeutic areas, aiming to rapidly deliver innovative treatments to patients.

Moderna, Inc.

Nasdaq:MRNA

MRNA Rankings

MRNA Stock Data

27.67B
384.40M
9.52%
72.67%
5.88%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
CAMBRIDGE