Moderna Stock Explodes Over 100% After Cancer Vaccine Breakthrough
Moderna (MRNA) stock exploded over 100% in Wednesday pre-market trading, hitting $122.51 after the company and Merck (MRK) reported the first positive Phase 3 result for a personalized mRNA cancer vaccine.
The gain is pre-market only for now. Moderna last closed at $62.96 on Tuesday, and regular trading in New York had not yet opened at the time of writing.
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A First for Personalized mRNA Cancer Therapy
The Phase 3 INTerpath-001 trial tested a bold idea. Doctors read the mutations in a patient's tumor. Moderna then builds a custom mRNA shot for that one person.
Each shot encodes up to 34 tumor targets, known as neoantigens. In effect, it teaches the immune system exactly what to hunt.
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