Business

Moderna shares deliver cancer vaccine news



Moderna

stocks rise after

Merck

said it is exercising an option to research a personalized cancer vaccine with the Covid-19 vaccine maker.

Merck (code: MRK) will pay

Moderna

(MRNA) $250 million for joint development and future commercialization of the vaccine, currently in phase 2 clinical trials. The two companies announced a “strategic cooperation“In June 2016.

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