Moderna says preliminary trial data shows its coronavirus vaccine is more than 94% effective, shares soar

Moderna says preliminary trial data shows its coronavirus vaccine is more than 94% effective, shares soar
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Moderna said preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing Covid-19 — a result CEO Stephane Bancel called a “game-changer.”

The analysis evaluated 95 confirmed Covid-19 infections among the trial’s 30,000 participants. Moderna, which developed its vaccine in collaboration with the National Institute of Allergy and Infectious Diseases, said 90 cases of Covid-19 were observed in the placebo group versus 5 cases observed in the group that received its two-dose vaccine. That resulted in an estimated vaccine efficacy of 94.5%, it said.

Shares of the company jumped by more than 11% in premarket trading.

The announcement follows on the heels of similar news last week from Pfizer’s late-stage Covid-19 vaccine trial as pharmaceutical…



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