Moderna Stock Jumps 4% in Morning Trading

Tiger Newspress2022-06-08

Moderna Stock Jumps 4% in Morning Trading.

Moderna Inc. said a modified Covid-19 booster shot provided a stronger immune response than the company’s original vaccine against the Omicron variant in a new study.The Cambridge, Mass., company said Wednesday it will submit preliminary data from the study to U.S. health regulators in the coming weeks with the hope of making the modified booster shot available in late summer.

Researchers found that the levels of neutralizing antibodies against Omicron among people getting the modified shot were 1.75 times higher than in people who received a booster shot of the original vaccine, Moderna said.

“I think the data clearly show this is a superior booster,” Moderna President Stephen Hoge said in an interview.

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