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Why Moderna Stock Jumped Today

TheMotleyFool

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Shares of Moderna (NASDAQ: MRNA) climbed 5.5% on Thursday after the biotechnology company said that it had struck a deal with a key manufacturer for its experimental COVID-19 vaccine.

Moderna will collaborate with European pharmaceutical company Laboratorios Farmaceuticos ROVI to potentially produce large-scale quantities of Moderna's novel coronavirus vaccine candidate mRNA-1273.

Moderna stock rose on Thursday on news of a new international supply deal. Image source: Getty Images.

Source Fool.com

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