The application is based on guidance from the European Centre for Disease Prevention and Control (ECDC) and the EMA, which recommended that COVID-19 vaccines be updated to a monovalent XBB.1.5 composition.
This aligns with other regulators and global public health agencies recommending a monovalent XBB.1.5 composition.
Additionally, Moderna has generated preliminary clinical data of its monovalent XBB.1.5 vaccine candidate showing an immune response against XBB descendent sublineages such as XBB.1.5, XBB.1.16, and XBB.2.3.2.
The company also initiated rolling submission for its updated monovalent COVID-19 vaccine.
Price Action: MRNA shares closed at $121.50 on Friday.
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