Moderna stock rallies 5% after respiratory virus vaccine trial meets endpoints

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Moderna stock rallies 5% after respiratory virus vaccine trial meets endpoints
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Moderna Inc. shares rallied in the extended session Tuesday after the biotech drug company said results from a late-stage clinical trial for its respiratory...

Moderna Inc.

shares rallied in the extended session Tuesday after the biotech drug company said results from a late-stage clinical trial for its respiratory virus vaccine met endpoints, and that it will submit for Food and Drug Administration approval by mid-2023. Moderna shares surged as much as 5% after hours, following a 0.7% decline to close the regular session at $190.69. The company said data from a Phase 3 clinical trial of its mRNA-1345 vaccine candidate showed an efficacy of 83.

shares rallied in the extended session Tuesday after the biotech drug company said results from a late-stage clinical trial for its respiratory virus vaccine met endpoints, and that it will submit for Food and Drug Administration approval by mid-2023. Moderna shares surged as much as 5% after hours, following a 0.7% decline to close the regular session at $190.69. The company said data from a Phase 3 clinical trial of its mRNA-1345 vaccine candidate showed an efficacy of 83.

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