Moderna, BioNTech rise as vaccine advisory panel backs off mRNA vaccine threat
- Stocks focused on developing mRNA vaccines, including Moderna (MRNA) and BioNTech (BNTX), are higher in Wednesday trading following a report that an HHS vaccines advisory committee is walking back a possible plan to stop recommending mRNA jabs.
- Two individuals with knowledge of the situation told The Washington Post that the Advisory Committee on Immunization Practices has backed off their prior threat.
- The two companies developed mRNA COVID-19 vaccines that were widely administered during the pandemic. BioNTech's shot was developed with Pfizer (PFE).
- Several ACIP members had said that DNA elements in the vaccines were potentially harmful.
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