Moderna secures $590M in government funding to develop bird flu vaccine
- The U.S. Government has invested approximately $590 million to help Moderna develop a vaccine for bird flu, according to the Department of Health and Human Services .
- The Centers for Disease Control and Prevention reported at least 67 human illnesses from avian influenza A , with one associated death.
- Moderna will use the funds to accelerate its mRNA vaccine development and expand clinical studies for additional bird flu strains.
- HHS Secretary Xavier Becerra stated that avian flu variants have proven to be particularly unpredictable and dangerous to humans in the past.
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Why Is Moderna Stock Trading Higher On Tuesday? - Moderna (NASDAQ:MRNA)
Tuesday, Moderna Inc (NASDAQ:MRNA) stock is trading higher with a session volume of 8.0 million as per data from Benzinga Pro. On Friday, Moderna announced ongoing support from the U.S. Department of Health and Human Services (HHS) to accelerate the development of mRNA-based pandemic influenza vaccines. The award was made through the Rapid Response Partnership Vehicle (RRPV) Consortium with funding from the Biomedical Advanced Research and Devel…
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