Shares of Moderna jumped before paring their gains after analysts said a $1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries $MRNA
) rose more than 5% on Wednesday after analysts said a $1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries.
The company’s vaccine candidate, mRNA-1273, is one of the few that have already advanced to the final stage of testing. With the U.S. contract now signed, other deals could follow, said Jefferies analyst Michael Yee, who has a “buy” rating.
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