Why Is Everyone Talking About CureVac Stock?
On June 17, shares of CureVac (NASDAQ: CVAC) plunged by over 50% during the trading session after the company announced its mRNA coronavirus vaccine candidate CVnCoV had achieved just 47% overall efficacy in preventing COVID-19 during the second interim analysis of a pivotal phase 3 study. That is just below the 52% overall efficacy requirement for success in the final analysis.
Investors were clearly disappointed by the results. Suspicions about the vaccine candidate's potential had already been spreading after it passed the first interim analysis without disclosure of efficacy rates. Some are thinking of doubling down, while others see the stock as a (rapidly) falling knife. Just what are the odds that CureVac stock can recoup its losses?
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Source Fool.com