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 story : Moderna says it has about billion in cash, working on combined COVID/seasonal flu booster #FinanceUSA #StockMarketNEWS Moderna Inc. said Thursday it had a cash position of about billion as

@stockMarketNEWS 7 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Moderna says it has about billion in cash, working on combined COVID/seasonal flu booster #FinanceUSA #StockMarketNEWS
Moderna Inc. said Thursday it had a cash position of about billion as of Aug. 31. The company made the disclosure as it offered an update on its line of product candidates based on mRNA technology, that includes a vaccine against COVID-19, the first Moderna product to win authorization from the U.S. Food and Drug Administration. In a statement released ahead of an R&D day, the company highlighted a new product candidate that would combine a COVID-19 booster with a seasonal flu booster vaccine. The company recently submitted an application to the FDA for approval of its COVID booster shot, and said it saw "robust antibody responses" in a Phase 2 study. Overall, the company has 37 programs in development across 34 development candidates, including 22 in current clinical studies. Shares were flat premarket, but have gained 305% in the year to date, while the SPDR S&P Biotech ETF has fallen 6% and the S&P 500 has gained 20%.


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