On June 4, Moderna rose 5.14% in regular trading, trading at $51.77/share, with trading volume of $169 million. The rally was driven by news that Moderna has expanded its collaboration with the Coalition for Epidemic Preparedness Innovations (CEPI) to advance a potential vaccine against the Bundibugyo Ebolavirus.
CEPI has committed up to $50 million in funding to support preclinical development and phase 1 clinical testing of Moderna's vaccine candidate. The funding will also support parallel manufacturing activities during clinical evaluation and position the program for advancement into large-scale phase 2/3 trials, contingent upon favorable phase 1 safety and immunogenicity data. Additionally, the company had previously disclosed it is fully prepared to complete production and supply deployment for its recommended COVID vaccine components by mid-August, reinforcing confidence in its operational execution across multiple pipeline programs.
Moderna is a leader in mRNA medicine, with its platform enabling the development of therapies and vaccines across infectious diseases, immuno-oncology, rare diseases, and autoimmune conditions.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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