Home > Boards > US Listed > Biotechs > Moderna Inc. (MRNA)

Why This Highflying Biotech Hit The Skids After

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Tonyeight Member Profile
Member Level 
Followed By 618
Posts 31,204
Boards Moderated 1
Alias Born 08/29/00
160x600 placeholder
U.K. reports surge in cases of Delta variant of coronavirus - Reuters Seeking Alpha - 6/18/2021 7:18:29 AM
Moderna Reaffirms Commitment to Job Creation in Massachusetts Business Wire - 6/18/2021 7:01:00 AM
Canada Vaccine Panel Recommends Against AstraZeneca PLC for Second Dose Dow Jones News - 6/17/2021 6:14:00 PM
Messenger-RNA-based COVID-19 vaccines offer hope for the immunocompromised with booster shot Seeking Alpha - 6/16/2021 2:13:16 PM
U.S. government purchases additional 200M doses of Moderna’s COVID-19 vaccine Seeking Alpha - 6/16/2021 8:06:46 AM
U.S. Government Purchases Additional 200 Million Doses of Moderna’s COVID-19 Vaccine Business Wire - 6/16/2021 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/15/2021 4:34:36 PM
Moderna & Magenta Partner to Distribute Moderna’s COVID-19 Vaccine & Updated Variant Booster Candidates in United Arab Emir... Business Wire - 6/15/2021 9:43:00 AM
Moderna Submits Authorization Application for Use of COVID-19 Vaccine in Swiss Adolescents TipRanks - 6/15/2021 5:56:07 AM
Dr. Stephen Hahn, 24th US FDA Commissioner and Former Chief Medical Executive at MD Anderson, joins Flagship Pioneering as Ch... PR Newswire (US) - 6/14/2021 7:52:00 PM
Rafael Holdings Appoints Three Highly Experienced Biopharmaceutical Leaders to its Board of Directors PR Newswire (US) - 6/14/2021 4:45:00 PM
Moderna Taps J&J Executive Burton as Medical Chief Dow Jones News - 6/14/2021 8:45:00 AM
Dr. Paul Burton to Join Moderna as Chief Medical Officer Business Wire - 6/14/2021 8:10:00 AM
Moderna seeks authorization for vaccine in adolescents in Switzerland Seeking Alpha - 6/14/2021 8:00:58 AM
Moderna Submits Authorization Application for its COVID-19 Vaccine in Adolescents in Switzerland Business Wire - 6/14/2021 7:07:00 AM
Moderna Inks Partnership Deal with Tabuk Pharmaceuticals TipRanks - 6/14/2021 3:26:15 AM
Science Sides with Pfizer, Despite Vaccine Fears TipRanks - 6/13/2021 5:55:52 AM
Moderna, GameStop, Amazon.com: Stocks That Defined the Week Dow Jones News - 6/11/2021 7:00:00 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/11/2021 4:14:29 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/11/2021 4:11:42 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/11/2021 4:07:08 PM
Moderna inks COVID-19 vaccine commercialization deal in Saudi Arabia Seeking Alpha - 6/11/2021 9:10:08 AM
Moderna and Tabuk Pharmaceuticals Partner to Commercialize Moderna’s COVID-19 Vaccine in Saudi Arabia Business Wire - 6/11/2021 8:30:00 AM
Can Schools Mandate Covid-19 Vaccines for Children? What We Know Dow Jones News - 6/11/2021 8:25:00 AM
Moderna Seeks Emergency Use Authorization for COVID-19 Vaccine in Adolescents TipRanks - 6/11/2021 3:50:33 AM
Tonyeight Member Level  Friday, 02/14/20 11:49:28 PM
Re: None
Post # of 7135 
Why This Highflying Biotech Hit The Skids After Its Vaccine Update
MRNA Stock Dips After Update

Moderna is testing vaccines and therapeutics that rely on messenger RNA, or mRNA. This form of RNA delivers the instructions for protein creation from the DNA.

Late Monday, Moderna said it enrolled the first patient in a Phase 1 and Phase 2 study of a drug to treat methylmalonic acidemia. In this disorder, a patient's body can't break down some fats or proteins. This results in a buildup of acid in the blood.

"This study will provide important information about the potential of an mRNA approach to replace the deficient enzyme in patients with MMA, which currently has no approved medical therapy or investigation medicine that address the underlying cause," Chief Medical Officer Tal Zaks said in a written statement.

Moderna expects to have the results of a Phase 2 study of a vaccine in the third quarter. The vaccine aims to prevent cytomegalovirus, or CMV. CMV is a common virus that doesn't cause symptoms in healthy people. But it can be a problem in people with compromised immune systems and in pregnant women.

Biotech Company Targets Coronavirus

The biotech company also announced three new vaccine efforts in Epstein-Barr virus, respiratory syncytial virus in young children and novel coronavirus.


Epstein-Barr is a type of herpes virus. Respiratory syncytial virus can cause cold-like symptoms and can be serious in infants and adults. Novel coronavirus has become well known in China for its rapid spread and a growing number of deaths beginning in December.

Investment bank Chardan kept its buy rating on MRNA stock.

"Prophylactic vaccines continue to be an area of forward momentum and we expect this will remain the case in 2020," the brokerage wrote in a report to clients.

MRNA Stock Dives On Offering

But shares of MRNA stock slipped on the offering of common stock.

Underwriters will receive a 30-day option to purchase up to an additional $75 million in shares of common MRNA stock.

Representatives of Moderna declined to comment in an email to Investor's Business Daily. The company cited a quiet period related to the secondary offering.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.





Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences