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Moderna's stock price just reached its highest point in a year. What's going on?

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Moderna's mRNA cancer work gains a place in a national research effort, and its melanoma study reported delayed cancer return and spread. The effort starts slowly and first targets other cancers, so benefits may take time.

MRNA · Moderna Inc

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This gives Moderna's cancer-vaccine work a place in a national research effort and may help build trial networks. Its melanoma study has reported delays in cancer return and spread, but full results are still due. The program is not an immediate benefit. It is expected to start in December, move more slowly than the Covid vaccine effort, and first focus on other cancers. The research attention and reported trial result favor Moderna, though benefits may take time.

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