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Moderna to seek regulatory authorization for Covid-19 vaccine after final trial shows 94.1% effectiveness
Nov. 30, 2020 7:16 AM ETModerna, Inc. (MRNA)By: Vandana Singh, SA News Editor20 Comments
Moderna (NASDAQ:MRNA) jumps 10% in premarket in reaction to primary efficacy analysis data from Phase 3 study of its COVID-19 vaccine candidate, mRNA-1273 demonstrating efficacy of 94.1%, while vaccine efficacy against severe COVID-19 was 100%.
Continuous review of safety data is ongoing and no new serious safety concerns have been identified.
Primary analysis was based on 196 cases, of which 185 cases of COVID-19 were observed in the placebo group versus 11 cases observed in the mRNA-1273 group. There was one COVID-19-related death in the study to date, which occurred in the placebo group.
Today, the company will file for US Emergency Use Authorization (EUA), as well as apply for a conditional marketing authorization with the European Medicines Agency.
In reaction to the news, Pfizer (NYSE:PFE) is up 2% while BioNTech (NASDAQ:BNTX) is +3%.
seekingalpha.com/news/...s-19-vaccine-after-final-trial-shows