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Why Moderna Stock Surged Today

TheMotleyFool

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Shares of Moderna (NASDAQ: MRNA) jumped 7.8% on Thursday after the drugmaker announced several notable advances during its annual research and development update.

Moderna is developing a single-dose vaccine, known as mRNA-1073, that includes boosters against both COVID-19 and seasonal flu. The biotech is also evaluating four development candidates against coronavirus variants, including Delta, with three already in clinical trials.

Moderna's stock price rose sharply following its R&D update on Thursday. Image source: Getty Images.

Source Fool.com

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