Stock and oil prices climbed on Monday on news that a coronavirus vaccine candidate by biotech startup Moderna has shown promise in early clinical trials.
Using rapid genetic sequencing and its nimble mRNA manufacturing platform, Moderna was able to develop and deliver a vaccine to the National Institutes of Health for clinical trials in late February.
Moderna's mRNA vaccine gives cells a building manual to produce a particle that resembles the spike on the coronavirus.
The first phase of a clinical trial examining whether the vaccine is safe and causes an immune response began in mid-March.
Separately, Moderna reported that its vaccine "Provided full protection against viral replication in the lungs" in mice infected with the coronavirus.
On May 12 the FDA granted Moderna fast-track designation, and the company plans to begin the third phase of its trial to assess the vaccine's efficacy in thousands of people in July.
A vaccine could be made available for high-priority groups such as health-care workers as early as the fall if results show promise.
https://www.wsj.com/articles/modernas-vaccine-hope-11589835889?mod=hp_opin_pos_1
Using rapid genetic sequencing and its nimble mRNA manufacturing platform, Moderna was able to develop and deliver a vaccine to the National Institutes of Health for clinical trials in late February.
Moderna's mRNA vaccine gives cells a building manual to produce a particle that resembles the spike on the coronavirus.
The first phase of a clinical trial examining whether the vaccine is safe and causes an immune response began in mid-March.
Separately, Moderna reported that its vaccine "Provided full protection against viral replication in the lungs" in mice infected with the coronavirus.
On May 12 the FDA granted Moderna fast-track designation, and the company plans to begin the third phase of its trial to assess the vaccine's efficacy in thousands of people in July.
A vaccine could be made available for high-priority groups such as health-care workers as early as the fall if results show promise.
https://www.wsj.com/articles/modernas-vaccine-hope-11589835889?mod=hp_opin_pos_1
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