Moderna Inc said on Tuesday its experimental flu vaccine did not meet the criteria for 'early success' in a late-stage trial, and its shares fell 4%.
said on Tuesday its experimental flu vaccine did not meet the criteria for "early success" in a late-stage trial, and its shares fell 4%.
That has increased investor scrutiny of Moderna's experimental mRNA-based shots for flu and respiratory syncytial virus . "We have not included enough cases to date at the interim analysis to declare early success," said Moderna executive Raffael Nachbagauer at the meeting. Oppenheimer analyst Hartaj Singh said Tuesday's update removes some near-term optimism around Moderna's flu vaccine., which has been shown to work against melanoma in a mid-stage study. The company is expected to share full data for the cancer vaccine later this week at a medical conference.84% effective at preventing at least two symptoms in older adults. Moderna expects to launch the RSV vaccine next year, the first of several it hopes to have approved in coming years.
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