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Why Moderna Stock Jumped Today

TheMotleyFool

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Shares of Moderna (NASDAQ: MRNA) climbed 8.4% on Thursday after the drugmaker said it was gearing up for a potential launch of its experimental COVID-19 vaccine.

Moderna has already received $1.1 billion in customer deposits for its coronavirus vaccine candidate, mRNA-1273. "We are actively preparing for the launch of mRNA-1273 and we have signed a number of supply agreements with governments around the world," CEO Stéphane Bancel said in the biotech's third-quarter earnings release.

Moderna's stock rose on Thursday as investors looked ahead to a possible global launch of its COVID-19 vaccine. Image source: Getty Images.

Source Fool.com

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