| ▲ | zetazzed 3 hours ago | ||||||||||||||||
Amazingly, when this (IMHO quite good) data leaked, Moderna stock took a huge drop: https://finance.yahoo.com/markets/stocks/article/moderna-sto... (Seems like people were expecting absolutely incredible, "cure for cancer" results and had already bid up the price a lot in advance.) | |||||||||||||||||
| ▲ | CamelCaseName 2 hours ago | parent | next [-] | ||||||||||||||||
Not a huge surprise given the absolute face ripping jump MRNA had when the vaccine was first announced. The ~$20B company jumped 174% overnight, and then climbed another 70% over the last two months, now only dropping 18% on this news. To illustrate how much they've gone up, this 18% drop is just slightly less than their entire market cap in June (four months ago) | |||||||||||||||||
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| ▲ | jeffybefffy519 2 hours ago | parent | prev | next [-] | ||||||||||||||||
Seems like absolutely huge news, and hopefully getting it approved means it can be developed even more... | |||||||||||||||||
| ▲ | ortusdux an hour ago | parent | prev [-] | ||||||||||||||||
I'm way out of my depth on this topic, but my understanding is that studies have shown that several currently approved mRNA vaccines cause a similar reduction in these cancers. Moderna's goal with this trial was to show their tailored vaccine outperformed a COVID vaccine (for example), and my assumption from the stock dip is that smarter people than I were not convinced. | |||||||||||||||||
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