Moderna (MRNA) Returns to Buy Zone Following FDA’s Delay on RSV Vaccine Approval: Key Financial Insights

  • Moderna (MRNA) stock experienced a dip on Friday following the Food and Drug Administration’s decision to postpone the approval of its RSV vaccine until the end of the month.
  • The delay pushes back the potential approval of the vaccine for respiratory syncytial virus by approximately two weeks, with the FDA originally scheduled to make a decision by May 16.
  • Despite the setback, Moderna President Stephen Hoge expressed gratitude towards the FDA for their continued efforts and diligence, and emphasized that no issues related to vaccine effectiveness, safety, or quality have been identified that would prevent approval.

Moderna’s RSV vaccine approval delayed, causing a dip in stock prices. However, the company remains optimistic as no issues have been identified that would prevent approval.

Moderna Stock: Trailing Pfizer, GSK

If approved, Moderna’s RSV vaccine would be the third to hit the market this fall, following vaccines from Pfizer (PFE) and GSK (GSK). Both Pfizer and GSK received their approvals last year and launched in the fall. RSV, or respiratory syncytial virus, typically causes cold-like symptoms in most people, but can lead to serious or even fatal lung infections in babies and older adults. GSK and Pfizer’s vaccines, Arexvy and Abrysvo, are approved for people aged 60 and older.

Moderna Stock’s Future Outlook

If the current trend continues, Moderna stock will open back in its buy zone. The shares recently broke out of a cup-with-handle base, surpassing a buy point at 115.89, as per MarketSurge. Despite the delay in approval, the company’s stock remains a viable option for investors, with potential for growth once the RSV vaccine receives approval.

Conclusion

While the delay in approval for Moderna’s RSV vaccine has caused a temporary dip in stock prices, the company remains optimistic about its future prospects. The absence of identified issues related to vaccine effectiveness, safety, or quality bodes well for eventual approval. Investors should keep an eye on Moderna stock, which is likely to bounce back into its buy zone in the near future.

BREAKING NEWS

Ethereum Whale Moves 10,000 ETH to Binance, Worth $39.11M, Down $7.52M From Two Months Ago

As reported by COINOTAG News and verified through EmberCN...

Bitcoin Faces Volatility as Fed 25bps Rate Cut Triggers Liquidity Shift and Structural Repricing Across Markets

The Federal Reserve delivered a 25-basis-point Fed rate cut...

Bitcoin OG Whale Owen Gunden Deposits 2,587.6 BTC to Kraken Worth $290 Million Over 10 Days

According to COINOTAG News and corroborated by LookIntoBitcoin monitoring,...

Bitcoin Sentiment Slumps to New Lows Among Asian Crypto-Native Investors, Echoing 2022 Downturn

COINOTAG News, October 30, cited remarks from DeFiance Capital...

Bitcoin Whale With 14-Game Win Streak Sees $7 Million Loss Amid Market Dip on BTC, ETH, and SOL Longs

COINOTAG News, citing HyperInsight, notes a risk-averse turn in...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img