Moderna Inc's shares rose 17% on Wednesday after a small-scale study showed its experimental COVID-19 vaccine produced high levels of virus-killing antibodies, bolstering hopes the shot could prove effective in later stages of testing.
) shares rose 17% on Wednesday after a small-scale study showed its experimental COVID-19 vaccine produced high levels of virus-killing antibodies, bolstering hopes the shot could prove effective in later stages of testing.
Wall Street analysts said data from 45 healthy trial volunteers suggested the vaccine could protect against the virus infection, and generate blockbuster sales if it proves to work in larger trials.“Assuming a price of $50-100 per vaccine could equate to revenues of $12.5 billion to $25 billion,” said Piper Sandler analyst Edward Tenthoff.
“It is difficult to know how this will ultimately translate to clinical outcomes, but we find these results to be encouraging on the surface,” said J.P. Morgan analyst Cory Kasimov.
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