Moderna, Inc.'s stock surged 5.41% during intraday trading on Thursday, driven by positive news related to its vaccine development pipeline.
The rally followed the announcement that Moderna has expanded its collaboration with the Coalition for Epidemic Preparedness Innovations (CEPI) to advance an mRNA-based vaccine candidate against the Bundibugyo Ebolavirus. CEPI has committed up to $50 million in funding to support the program's preclinical development and phase 1 clinical testing.
The funding is also designated to support parallel manufacturing activities during clinical evaluation. Positive early-stage safety and immunogenicity data could position the vaccine for advancement into large-scale phase 2/3 trials, providing a potential new avenue for growth in Moderna's infectious disease portfolio.
Comments