Moderna Inc., a leading pharmaceutical company, revealed exciting preliminary results from its latest clinical trials on Thursday. According to the data, Moderna's updated COVID-19 vaccine has proven to be highly effective against new variants of the virus that are currently circulating worldwide.
The study indicated that the vaccine significantly increased neutralizing antibodies against two prominent variants: the Eris (EG.5) variant and the Fornax FL 1.5.1 variant. Of particular concern, the Fornax FL 1.5.1 variant has been rapidly spreading across several regions in the United States. This updated vaccine shows great promise in combating its impact.
Pending regulatory approval, Moderna plans to make the updated vaccine widely available in the upcoming weeks. This availability will coincide with the start of fall vaccinations, a crucial time for managing COVID-19 transmission.
The World Health Organization (WHO) recently highlighted the concerning attributes of the EG.5 variant. It has not only shown an increase in prevalence but also possesses immune escape properties. If left unchecked, this variant could lead to a surge in cases and potentially become the dominant strain globally.
The positive news from Moderna's clinical trials prompted a positive market response. Shares of leading COVID-19 vaccine manufacturers experienced an increase in value on Thursday, reflecting growing confidence in the effectiveness of their products. Moderna's shares (MRNA) soared by 7.4%, BioNTech's ADR (BNTX) climbed by 4.9%, Novavax Inc.'s shares (NVAX) gained 3.4%, and Pfizer Inc.'s stock (PFE) rose by 2.9%.
Stay informed as Moderna Inc. continues to push the boundaries of medical science, providing innovative solutions to combat the ongoing COVID-19 pandemic.
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