financetom
Business
financetom
/
Business
/
Why Is Moderna Stock Trading Lower On Wednesday?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Why Is Moderna Stock Trading Lower On Wednesday?
Jun 26, 2024 10:18 AM

The Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practice will meet this week to consider and recommend who should get respiratory syncytial virus (RSV), influenza, and COVID-19 vaccines.

In the presentation slides to the U.S. agency, Moderna Inc ( MRNA ) shared safety set data, with a cut-off date of March 8, 2024, based on the median of 18.8 months of follow-up.

The data showed that vaccine efficacy fell to around 50% after 18 months on participants aged 60 years and above.

Vaccine efficacy in the infection with more than two symptoms was 50.3% and 49.9% in disease with three or more symptoms.

After a median of 3.7 months of follow-up, vaccine efficacy stood at 78.7% and 80.9%, respectively, falling to 62.5% and 61.1% after a median of 8.6 months.

Efficacy of a single dose of GSK Plc’s Arexvy over two calendar years showed vaccine efficacy of 73.3% (W/o season covariate) and 78.6% in severe infection.

Pfizer Inc’s Abrysvo demonstrated an overall efficacy of 77.8% in the second season and 81.5% across two seasons.

Last year, GSK’s Arexvy and Pfizer’s Abrysvo went head to head for adults over 60.

Reuters notes that GSK won two-thirds of the market, mostly due to its contracts with retail pharmacies, including CVS Health Inc .

Last month, Moderna Inc. ( MRNA ) received FDA approval for its shot, mRESVIA, to protect adults aged 60 and older.

Earlier this year, Moderna’s longer-term trial analysis revealed a faster decline in the effectiveness of its RSV vaccine.

Follow-up data from Phase 3 mRNA-1345 Trial ReSViNET suggests the vaccine efficacy is declining faster than RSV vaccines from GSK and Pfizer ( PFE ).

Read Next: Pfizer Seeks Expanded Use Of Abrysvo As Vaccine Shows Potential In 18+ Patients.

Pfizer ( PFE ) secured a major contract with the U.K. to supply millions of doses of its Abrysvo respiratory syncytial virus (RSV) vaccine, edging out local pharmaceutical giant GSK.

This agreement includes over 3.5 million doses for older adults and more than 1.4 million doses for pregnant mothers in England and Northern Ireland over the next two years.

Price Action: MRNA shares are down 6.98% at $128.08 at the last check on Wednesday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: SouthState Agrees to Acquire Independent Bank for $2 Billion
Update: SouthState Agrees to Acquire Independent Bank for $2 Billion
May 20, 2024
08:06 AM EDT, 05/20/2024 (MT Newswires) -- (Updates with details throughout.) SouthState ( SSB ) said Monday it has agreed to acquire Independent Bank Group ( IBTX ) in an all-stock deal worth approximately $2 billion. Under the terms of the deal, which is expected to close in Q1 2025, Independent Bank Group ( IBTX ) shareholders will receive 0.60...
Agrify, Nature's Miracle End Merger Plans
Agrify, Nature's Miracle End Merger Plans
May 20, 2024
08:04 AM EDT, 05/20/2024 (MT Newswires) -- Agrify ( AGFY ) and Nature's Miracle Holdings (NMHI) said Monday they agreed to drop merger plans announced May 16 over unfavorable market conditions. The two cannabis infrastructure and cultivation tool providers also said they have terminated a related debt purchase agreement. Price: 0.3218, Change: -0.01, Percent Change: -3.31 ...
Google Reportedly Investing Additional $1.1 Billion in Finland Data Center
Google Reportedly Investing Additional $1.1 Billion in Finland Data Center
May 20, 2024
08:00 AM EDT, 05/20/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) is considering further investment of 1 billion euros ($1.09 billion) for its main data center in Hamina, Finland, two media outlets reported Monday, citing the company. The investment will increase staffing by a quarter to 500 employees in 2024 and 2025, Bloomberg reported, citing a Google...
KKR Extends $300 Million Credit Facility to Origis Energy
KKR Extends $300 Million Credit Facility to Origis Energy
May 20, 2024
08:00 AM EDT, 05/20/2024 (MT Newswires) -- KKR & Co ( KKR ) said on Monday that it has provided a $300 million corporate financing facility to Origis Energy, a renewable energy and decarbonization solution platform. The investment firm said the facility's proceeds will support the continued development and construction of Origis' pipeline of solar and storage projects and aligns...
Copyright 2023-2026 - www.financetom.com All Rights Reserved