Moderna shares surge after FDA approves coronavirus vaccine for phase 2 trial

FDA approves Moderna vaccine candidate for phase 2 study

The company said it will begin phase 2 trials with 600 participants shortly and is finalizing plans for a phase 3 trial as early as this summer.

"The imminent Phase 2 study start is a crucial step forward as we continue to advance the clinical development of mRNA-1273, our vaccine candidate against SARS-CoV-2," CEO Stephane Bancel said in a statement. "With the goal of starting the mRNA-1273 pivotal Phase 3 study early this summer, Moderna is now preparing to potentially have its first BLA approved as soon as 2021."This is breaking news. Please check back for updates.

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