Moderna Inc rallies as its COVID-19 vaccine was found highly effective in adolescents from 12 to 17 years old in a recent large study. The clinical trial that included more than 3,700 young volunteers showed no cases of symptomatic COVID-19 infection in two-thirds of participants who received both doses of the vaccine, which translates into an efficacy rate of 100%.
They are now looking to get regulatory submissions around the world in early June. Shares of Moderna Inc. went up 2.63%, on what proved to be an all-around favorable trading session for the stock market,
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The U.S. Food and Drug Administration's emergency authorization for use of the Moderna vaccine is currently limited to adults, but Moderna said Tuesday that it plans to apply in June for emergency use in adolescents. Pfizer has already been granted that approval for its vaccine.
"No significant safety concerns have been identified to date," Moderna said in its statement. Trial participants will be monitored for a year after their second dose. The trial results were announced in a news release that had no detailed data from the clinical trial, but Moderna said it plans to submit the data for publication in a peer-reviewed journal, the Times reported. Overall we can say that things are looking up for Moderna Inc.
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