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-0.0152853653120142 -0.0106084832333999 -0.0245391960914945 -0.0186564512547191 0.0277592715967133 0.0296469020652898 0.027981345769487 0.0508549855651787
Stock impact report

Moderna soars after getting $483 million in federal funding for coronavirus vaccine development [CNBC]

Moderna, Inc. (MRNA) 
Last moderna, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: marinabio.com/investor-relations
Company Research Source: CNBC
ModernaShares of the Cambridge, Massachusetts-based firm opened more than 12% higher to around $46. During Thursday's session, the stock hit an intraday all-time high of $41.55.Moderna CEOStephane BancelSquawk Box"Instead of waiting for the data and then scaling up with manufacturing process ... we can make as many doses as we can. We are doing both in parallel," he said. The companyplans to hireBancel said the company "couldn't have done this" without the funding commitment from the Biomedical Advanced Research and Development Authority, which is part of the Department of Health and Human Services.Moderna has partnered with the National Institutes of Health on development of its Covid-19 vaccine. Phase 1human trialsThe trial was launched in "record speed," health advisor Dr. Anthony Fauci said at the time.Bancel on Friday reiterated Moderna's timeline for vaccine development. He said he hopes to have safety data from the phase 1 trial this spring, which could allow it to advance to Show less Read more
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