
Moderna does one better than Pfizer/BioNTech; touts 94.5% efficacy for its Covid vaccine
The company is the second this month to report promising results for a Covid-19 vaccine even as the virus rages across the U.S.
The company is the second this month to report promising results for a Covid-19 vaccine even as the virus rages across the U.S.
The company published interim data from the Phase I study of mRNA-1273 in 40 older and elderly adults, showing responses comparable to those seen in younger adults. The vaccine is being tested in a 30,000-participant Phase III trial.
The company said at its R&D day that the Phase III COVE trial of mRNA-1273 had enrolled 25,296 of its planned 30,000 participants, while slightly more than 10,000 had received the first and second doses of the vaccine.
The biotech company reached a deal with the European Commission to supply an initial 80 million doses, while European Union member states will have the option to purchase 80 million more.
The agreement, which includes 100 million doses of mRNA-1273 and an option to acquire 400 million more, brings the total amount of money the biotech company has received from the federal government for its vaccine efforts to nearly $2.5 billion.
The company had received $483 million from BARDA in April to fund the development of the vaccine, mRNA-1273, through Phase III, but that amount was based on a smaller anticipated number of participants than the 30,000 it now plans to enroll into the trial, named COVE.
This webinar will explore how a banking platform approach could be the resource for your company.
Whether responses are durable and protective is under evaluation, but mRNA-1273 produced neutralizing antibody titers multiple times higher than those of recovered patients. Moderna's stock rose 17% on the Nasdaq when markets opened Wednesday.
The company said it is on track to start its 30,000-participant Phase III trial this month and has finished manufacturing enough supplies of the vaccine to do so.
The company said Thursday that it had finalized the design of the protocol for its upcoming randomized, placebo-controlled trial of its closely watched messenger RNA-based vaccine, mRNA-1273.
Physicians commented that although the data for mRNA-1273 are encouraging, whether the vaccine will actually be effective remains unclear, while other important questions also remain to be answered.
News media reported that Moncef Slaoui would divest his shares in Moderna, which netted him at least $3 million after the company reported promising preliminary data on its Covid-19 vaccine Monday.
The company said last week that it had received clearance from the FDA to start its Phase II clinical trial, and it is also in the process of finalizing the protocol for its Phase III trial.
The biotech company said in its first-quarter earnings report that the investigational new drug application that it filed with the Food and Drug Administration last week had been cleared. The Phase I study has enrolled three dose cohorts, with six additional ones planned.
The biotech company said approval of its investigational new drug application for the vaccine, mRNA-1273, would depend on success in the Phase I study that it is currently conducting. That study has completed enrollment of its first three cohorts, totaling 45 healthy volunteers aged 18-55.
The funding will support the development of the vaccine, mRNA-1273, through to its potential licensing by the Food and Drug Administration. The company said a Phase II study is expected to start in the second quarter.