Why Moderna and Novavax Shares Are Racing Higher Today
Shares of the COVID-19 vaccine developers Moderna (NASDAQ: MRNA) and Novavax (NASDAQ: NVAX) are both marching higher today. In response to the news that AstraZeneca (NASDAQ: AZN) and partner Oxford University will likely have to run another late-stage trial for their COVID-19 vaccine candidate in order to gain regulatory approval in the U.S., Moderna's stock was up by a healthy 11.4%, while Novavax was higher by 11.8% as of 9:49 a.m. EST Friday morning.
