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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.

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Moderna (Nasdaq: MRNA) announced a significant increase in its confirmed order from the Canadian government for its COVID-19 vaccine candidate, mRNA-1273. The order has grown by 20 million doses, totaling 40 million doses. Moderna is progressing towards potential delivery as early as December, pending regulatory approval. The efficacy analysis from the Phase 3 COVE study reported a 94.1% vaccine efficacy, with safety monitoring ongoing. The vaccine supply will be sourced from Moderna's European production capabilities, emphasizing its collaboration with various international partners.

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Moderna, Inc. (Nasdaq: MRNA) announced an expanded supply agreement with the Israeli Ministry of Health for an additional 4 million doses of its COVID-19 vaccine candidate, mRNA-1273, totaling 6 million doses. This agreement aims to provide early access to the vaccine for Israeli citizens. Moderna has initiated the regulatory review process with Israel's Ministry of Health. The primary efficacy analysis of the Phase 3 COVE Study confirmed a vaccine efficacy of 94.1%, with the company ramping up global manufacturing capabilities to produce up to 1 billion doses annually.

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Moderna, Inc. (Nasdaq: MRNA) provided an update on its COVID-19 vaccine candidate, mRNA-1273. Interim data from a NIH-led Phase 1 study showed that participants maintained high levels of neutralizing antibodies for up to 119 days post-first vaccination. The company anticipates producing 20 million doses by the end of 2020 and between 100 million and 125 million doses globally in Q1 2021. mRNA-1273 demonstrated a 94.1% efficacy rate in the Phase 3 study. No serious adverse events were noted, supporting the vaccine's safety profile.

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Moderna, Inc. (MRNA) reports positive results from the Phase 3 COVE study of its mRNA-1273 COVID-19 vaccine, demonstrating an efficacy of 94.1%. The analysis included 196 cases, with 185 in the placebo group and 11 in the vaccine group, indicating strong performance across various demographics. Moderna plans to apply for Emergency Use Authorization (EUA) from the FDA and conditional approval from the EMA. The vaccine aims to prevent both symptomatic and severe COVID-19 disease, with expectations to manufacture 500 million to 1 billion doses globally in 2021.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

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

The current stock price of Moderna (MRNA) is $39.39 as of December 20, 2024.

What is the market cap of Moderna (MRNA)?

The market cap of Moderna (MRNA) is approximately 15.4B.

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

15.39B
348.16M
9.52%
71.58%
10.36%
Biotechnology
Biological Products, (no Disgnostic Substances)
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United States of America
CAMBRIDGE