Moderna stock surges 17% on coronavirus vaccine trial news – MarketWatch
Moderna Inc. stock skyrocketed in the extended session Tuesday after the biotech company said its coronavirus vaccine candidate produced a “robust” immune-system response in a larger group of people and the study will move to a decisive clinical trial in July.
Results published in The New England Journal of Medicine showed that a two-dose vaccination schedule induced the desired immune response in all 45 people evaluated, a larger group than in the preliminary data Moderna
MRNA,
+4.54%
released in May, and was generally safe and well-tolerated, the company said.
Shares of Moderna ended the regular trading day up 4.5%. The company is a front-runner among several developing experimental COVID-19 vaccines.
The results “reaffir...