April 9 (Reuters) - Moderna ( MRNA ) shares rose 8% in
morning trade on Tuesday after the company's individualized
cancer vaccine developed with Merck ( MRK ) showed positive
response in an early-stage trial in patients with a type of head
and neck cancer.
The vaccine is designed to train the immune system to
recognize and attack specific mutations in cancer cells.
"The data continue to validate the individualized therapy
platform and suggests it could potentially work in indications
outside melanoma," Jefferies analyst Michael Yee said in a note.
Moderna ( MRNA ) is testing its experimental messenger RNA cancer
vaccine with Merck's ( MRK ) Keytruda in patients with melanoma, the
most deadly skin cancer.
Data on the 28-patient study was reported at the American
Association for Cancer Research Annual Meeting at San Diego on
Monday.