Moderna stock surges 17% on coronavirus vaccine trial news

This post was originally published on this site

Moderna Inc. stock skyrocketed in the extended session Tuesday after the biotech company said its experimental coronavirus vaccine produced a “robust” immune-system response in a larger group of people and the study will move to a larger clinical trial in July.

Results published in The New England Journal of Medicine showed that a two-dose vaccination schedule induced the desired immune response in all 45 people evaluated, a larger group than in the preliminary data Moderna MRNA, +4.54% released in May, and was generally safe and well-tolerated.

Shares of Moderna ended the regular trading day up 4.5%.