We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Moderna (MRNA) Up After Merck Exercises Option for Cancer Jab
Read MoreHide Full Article
Shares of Moderna (MRNA - Free Report) were up 8.3% on Oct 12 after management announced that partner Merck (MRK - Free Report) exercised an option under an existing collaboration agreement. Per the agreement, the companies will jointly develop and commercialize Moderna’s personalized cancer vaccine (PCV) candidate, mRNA-4157/V940.
In consideration for exercising the option, Merck will pay $250 million to Moderna. This payment will be made by Merck in third-quarter 2022 and included in its non-GAAP financial results. Per the terms of collaboration, the companies will share costs and profits equally.
mRNA-4157 is currently being evaluated in a mid-stage study by Moderna in combination with Merck’s blockbuster cancer drug Keytruda as an adjuvant treatment for patients with high-risk melanoma. Data from this study is expected later this year during the fourth quarter.
Shares of Moderna have lost 48.5% in the year compared to the industry’s 27.3% decline.
Image Source: Zacks Investment Research
Merck and Moderna entered a strategic partnership in 2016 to develop and commercialize mRNA-based personalized vaccines for the treatment of various types of cancer.
Following the end of the pandemic in the United States and the government encouraging citizens to resume pre-pandemic activities, Moderna is engaged in commercializing its non-COVID pipeline and reducing dependence on its COVID-19 vaccine sales, which are expected to decline in future quarters as COVID infections wane.
Currently, Moderna has three late-stage candidates — mRNA-1647, mRNA-1345 and mRNA-1010 — in its pipeline, which are being developed as cytomegalovirus (CMV) vaccine, respiratory syncytial virus (RSV) vaccine and influenza vaccine, respectively. A successful development of any or all of these candidates and potential commercialization will help lower the company’s dependence on a single product for revenue.
Moderna currently carries a Zacks Rank #3 (Hold). A couple of better-ranked stock in the overall healthcare sector includes Aerie Pharmaceuticals and Catalyst Pharmaceuticals (CPRX - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, estimates for Aerie Pharmaceuticals’ 2022 loss per share have narrowed from $1.83 to $1.82. During the same period, the loss estimates per share for 2023 have narrowed from $1.01 to $0.96. Shares of Aerie Pharmaceuticals have gained 116.7% in the year-to-date period.
Earnings of Aerie Pharmaceuticals beat estimates in two of the last four quarters and missed the mark twice, witnessing a surprise of 70.27% on average. In the last reported quarter, AERI delivered an earnings surprise of 38.46%.
In the past 60 days, estimates for Catalyst Pharmaceuticals’ 2023 earnings per share have increased from $0.84 to $0.85. Shares of Catalyst Pharmaceuticals have surged 83.2% in the year-to-date period.
Earnings of Catalyst Pharmaceuticals beat estimates in one of the last four quarters, missed the mark on two occasions and met the mark just once, reporting a negative surprise of 5.41% on average. In the last reported quarter, NVS delivered an earnings surprise of 17.65%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Moderna (MRNA) Up After Merck Exercises Option for Cancer Jab
Shares of Moderna (MRNA - Free Report) were up 8.3% on Oct 12 after management announced that partner Merck (MRK - Free Report) exercised an option under an existing collaboration agreement. Per the agreement, the companies will jointly develop and commercialize Moderna’s personalized cancer vaccine (PCV) candidate, mRNA-4157/V940.
In consideration for exercising the option, Merck will pay $250 million to Moderna. This payment will be made by Merck in third-quarter 2022 and included in its non-GAAP financial results. Per the terms of collaboration, the companies will share costs and profits equally.
mRNA-4157 is currently being evaluated in a mid-stage study by Moderna in combination with Merck’s blockbuster cancer drug Keytruda as an adjuvant treatment for patients with high-risk melanoma. Data from this study is expected later this year during the fourth quarter.
Shares of Moderna have lost 48.5% in the year compared to the industry’s 27.3% decline.
Image Source: Zacks Investment Research
Merck and Moderna entered a strategic partnership in 2016 to develop and commercialize mRNA-based personalized vaccines for the treatment of various types of cancer.
Following the end of the pandemic in the United States and the government encouraging citizens to resume pre-pandemic activities, Moderna is engaged in commercializing its non-COVID pipeline and reducing dependence on its COVID-19 vaccine sales, which are expected to decline in future quarters as COVID infections wane.
Currently, Moderna has three late-stage candidates — mRNA-1647, mRNA-1345 and mRNA-1010 — in its pipeline, which are being developed as cytomegalovirus (CMV) vaccine, respiratory syncytial virus (RSV) vaccine and influenza vaccine, respectively. A successful development of any or all of these candidates and potential commercialization will help lower the company’s dependence on a single product for revenue.
Moderna, Inc. Price
Moderna, Inc. price | Moderna, Inc. Quote
Zacks Rank & Stocks to Consider
Moderna currently carries a Zacks Rank #3 (Hold). A couple of better-ranked stock in the overall healthcare sector includes Aerie Pharmaceuticals and Catalyst Pharmaceuticals (CPRX - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, estimates for Aerie Pharmaceuticals’ 2022 loss per share have narrowed from $1.83 to $1.82. During the same period, the loss estimates per share for 2023 have narrowed from $1.01 to $0.96. Shares of Aerie Pharmaceuticals have gained 116.7% in the year-to-date period.
Earnings of Aerie Pharmaceuticals beat estimates in two of the last four quarters and missed the mark twice, witnessing a surprise of 70.27% on average. In the last reported quarter, AERI delivered an earnings surprise of 38.46%.
In the past 60 days, estimates for Catalyst Pharmaceuticals’ 2023 earnings per share have increased from $0.84 to $0.85. Shares of Catalyst Pharmaceuticals have surged 83.2% in the year-to-date period.
Earnings of Catalyst Pharmaceuticals beat estimates in one of the last four quarters, missed the mark on two occasions and met the mark just once, reporting a negative surprise of 5.41% on average. In the last reported quarter, NVS delivered an earnings surprise of 17.65%.