Moderna stock surges as FDA reverses course, agrees to review new flu shot [Yahoo! Finance Canada]
Moderna, Inc. (MRNA)
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Source: Yahoo! Finance Canada
Moderna ( MRNA ) stock jumped more than 6% on Wednesday after the US Food and Drug Administration agreed to review the drugmaker's first flu shot of the season, reversing course on a decision to reject the review last week. Moderna recently developed a new flu vaccine using the same mRNA technique that underpins its COVID-19 vaccine. But after requesting review from the federal government, the FDA initially declined to review the drug — a necessary regulatory step toward bringing the drug to market — saying that it wasn't satisfied with Moderna's trials. Shares fell roughly 2% on Feb. 10 after the Moderna published the FDA's "refusal-to-file" letter. On the company's fourth-quarter earnings call, CEO Stéphane Bancel said current "uncertainty" in the US regulatory regime "creates real challenges for businesses, patients and the broader innovation ecosystem." On Wednesday morning, however, Moderna announced in a press release that the FDA had reversed course and agreed to review
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MRNA
News
- Moderna says the FDA will consider its new flu shot after resolving a public dispute [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- FDA backtracks and agrees to review Moderna mRNA flu vaccine after initial rejection [Fortune]Fortune
- FDA agrees to review Moderna’s mRNA flu vaccine application in a reversal [MSNBC.com]MSNBC.com
- Moderna says the FDA will consider its new flu shot after resolving a public dispute [Yahoo! Finance Canada]Yahoo! Finance Canada
- Moderna (NASDAQ:MRNA) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $36.00 to $41.00. They now have a "neutral" rating on the stock.MarketBeat
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- 2/13/26 - Beat
MRNA
Sec Filings
- 2/13/26 - Form 4
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- 2/13/26 - Form 4
- MRNA's page on the SEC website