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Wednesday, August 7, 2019

Moderna up 11% after business update, extension of Vertex partnership

Messenger RNA (mRNA) therapeutics developer Moderna (MRNA +11%) is up on over 40% higher volume following its Q2 report released this morning that included a pipeline update and an announcement that collaboration partner Vertex Pharmaceuticals (VRTX -1.4%) has extended their exclusive research partnership aimed at developing mRNA therapies for cystic fibrosis through Q1 2020 with options to extend further depending on progress.
Moderna will host its annual R&D Day in New York on September 12.

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