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American Pharmaceutical and Biotech Company Moderna Inc Stock Outperforms

The Shares of Moderna Inc. inched 0.28% higher to $158.99 Tuesday. This proved to be an all-around dismal trading session for the Stock market, with the NASDAQ Composite Index COMP falling 0.09% to 13,389.43 and Dow Jones Industrial Average DJIA falling 1.36% to 34,269.16.

Moderna Inc. closed $30.27 below its 52-week high ($189.26), which the Company reached on February 8th. The stock outperformed some of its competitors Tuesday, as AbbVie Inc. ABBV fell 1.14% to $114.89, Amgen Inc. AMGN fell 0.13% to $252.30, and AstraZeneca PLC ADR AZN fell 0.51% to $54.10. Trading volume (8.1 M) remained 1.9 million below its 50-day average volume of 10.0 M.

The American Based biotech company has Increased the 2021 supply forecast to between 800 million and 1 billion doses. It also made additional investments to increase the global supply for COVID-19 Vaccine to up to 3 billion doses in 2022. The Company announced data supporting 3-month refrigerated stable formulation.

New data of Moderna Inc shows a single booster dose of 50 µg of mRNA-1273 or mRNA-1273.351 increased neutralizing titers against SARS-CoV-2 and two variants of concern in vaccinated clinical trial participants. Initial analysis of Phase 2/3 TeenCOVE study of mRNA-1273 in adolescents ages 12 to 17 years showed vaccine efficacy against COVID-19 of 96%; mRNA-1273 was generally well tolerated with no serious safety concerns identified to date. Phase 3 study of mRNA-1273 in adults with a kidney or liver transplant is ongoing. The company plans to launch rolling submission for BLA in the U.S. this month

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