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Moderna Shares Rise After Phase 3 Melanoma Vaccine Hits Endpoints

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Moderna shares surged 177% on Aug. 19 after the company and Merck announced their personalized mRNA cancer vaccine, intismeran autogene, met the primary and key secondary endpoints in a Phase 3 melanoma trial with 1,137 patients. The detailed dataset, regulatory progress, and results from other oncology programs remain pending, despite Moderna’s $782 million GAAP net loss.

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