CatalystFDA/Bio
Moderna’s cancer vaccine hits its targets, but a data leak rattled investors and the stock tumbled
Moderna's cancer vaccine met targets, but leaked data rattled investors and sank the stock.
Context
What happened: Moderna's stock fell after a reported leak of data for its experimental cancer vaccine developed with Merck. The Phase 3 data was expected to be shared this weekend at a medical conference.
Why it matters: The stock decline followed the reported leak ahead of the scheduled conference presentation of the Phase 3 data.
Key numbers: Phase 3 data
Coverage: 3 outlets in 24h
What changed
Moderna's stock fell after a reported leak of data for its experimental cancer vaccine developed with Merck. The Phase 3 data was expected to be shared this weekend at a medical conference.
Why it matters
The stock decline followed the reported leak ahead of the scheduled conference presentation of the Phase 3 data.
Key numbers: Phase 3 data