Moderna Accelerates COVID-19 Vaccine Development Plan, FDA Clearance for Phase 2 Trial

  • May 08, 2020 12:00 PM AEST
  • Team Kalkine

An American biotechnology company, Moderna Inc (Nasdaq:MRNA) disclosed that the Company speed up its efforts to develop COVID-19 vaccine for combating the pandemic.

Gold MTF non-AMP

After the FDA approval for Phase 2 clinical trials, Moderna plans to commence Phase 2 clinical trials for its COVID-19 vaccine shortly while Phase 3 clinical trials are probable to begin in upcoming months.

Shares of Moderna jumped 8% to close the day’s trade at USD 53.19 on 7 May 2020.

 


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