3 Green Flags for Moderna's Future
The COVID-19 pandemic has presented massive new challenges for societies across the globe. So far this year, the viral disease has killed nearly 744,000 people worldwide, including more than 167,000 Americans. In addition to the loss of life, the Congressional Budget Office estimates the coronavirus's long-term economic damage will amount to $16 trillion over the next 10 years.
With lives and livelihoods on the line, biotech companies are scrambling to develop a vaccine that can immunize people. So far, 28 of the 166 vaccines in development have entered clinical trials, which means that they are being tested on humans. Large-cap biotech Moderna (NASDAQ: MRNA) has been working on a serious contender in that bunch. In response, the company's stock has experienced an unprecedented rally of more than 250% since the beginning of the year and the vaccine candidate has earned the backing of multiple nonprofits. Savvy investors will be interested in all the driving forces of the stock, so let's take a closer look at three green flags for Moderna's future.
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Source Fool.com
