Moderna Expects Flu Vaccine Trial to Continue, Despite Missing Early Success Criteria
- Moderna said an independent board recommended its flu vaccine trial continue, though early success criteria weren't met.
- Moderna's shares fell over 3% on the news, though the company still expects to launch six vaccines in coming years.
- The potential flu vaccine didn't produce enough cases among recipients compared to those given a different vaccine.
- Moderna remains focused on non-COVID vaccines as sales of its coronavirus shot have declined.
- The company anticipates seeking approval of an RSV vaccine this quarter and major vaccine launches over the next several years.