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Why Moderna Stock Jumped Today

TheMotleyFool

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Shares of Moderna (NASDAQ: MRNA) climbed 5% on Friday after U.S. health regulators took steps toward making COVID-19 booster vaccines available for more Americans.

The U.S. Food and Drug Administration (FDA) authorized booster shots developed by Moderna and rival drugmaker Pfizer for people aged 18 and older. The shots are designed to be administered at least six months after people receive their second dose.

"Throughout the course of the COVID-19 pandemic, the FDA has worked to make timely public health decisions as the pandemic evolves," acting FDA commissioner Janet Woodcock said in a press release. "Vaccines have proven to be the best and highly effective defense against COVID-19."

Source Fool.com

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