Moderna Secures $176M to Tackle H5N1 Bird Flu with New Vaccine Amid Criticism and Rising Stock

July 3, 2024
Moderna Secures $176M to Tackle H5N1 Bird Flu with New Vaccine Amid Criticism and Rising Stock
  • Moderna has received a $176 million investment from BARDA to develop an mRNA-based pandemic influenza vaccine targeting the H5N1 bird flu strain affecting US dairy cattle.

  • Phase 3 trials for the vaccine are set to begin in 2025, following previous Phase 1/2 trials for H5 and H7 bird flu varieties.

  • Three dairy workers have tested positive for the virus, but there is no evidence of human-to-human transmission.

  • Health officials stress the safety of the commercial milk supply, as pasteurization eliminates the virus.

  • Criticism has been directed at the slow and inadequate response to the outbreak, with calls for more transparency in vaccine distribution.

  • Moderna's stock has surged by 17% in 2024, reflecting confidence in their ability to combat infectious disease outbreaks.

Summary based on 14 sources


Get a daily email with more World News stories

More Stories