Moderna marks mRNA progress in R&D update

13 September 2023

US biotech Moderna (Nasdaq: MRNA) has spent much of the last couple of years banging the drum about the potential of its mRNA platform beyond producing the COVID-19 vaccine that brought the company multi-billion dollar sales and global acclaim.

The company used its latest annual R&D day on Wednesday to do so again, timed to coincide with news that Moderna’s flu vaccine, mRNA-1010, has met its primary endpoint in a Phase III trial. Moderna's shares were up 5.8% at $111.45 in mid-morning trading.

"We look forward to product launches in our oncology, latent, rare and infectious disease franchises"Chief executive Stéphane Bancel said: “Our mRNA platform is working. With today’s positive Phase III flu results, along with previous results in COVID-19 and RSV, we are now three for three on advancing respiratory disease programs to positive Phase III data.

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