Moderna Stock (MRNA) Surges 17% on Buyout Speculation Ahead of Q3 Earnings
Moderna's stock soared 17% Thursday amid rumors of acquisition talks, injecting life into a stock that has languished since its pandemic highs. The biotech firm's mRNA technology and diversified pipeline present an enticing opportunity for pharmaceutical giants seeking footholds in infectious disease and personalized medicine markets.
Speculation follows disappointing Phase 3 results for Moderna's CMV vaccine candidate, which failed to meet primary endpoints. The company has since halted development for congenital CMV applications. Investors now await November 6 earnings release for clarity on the company's post-COVID revenue strategy.