Shares of biotechs racing to make coronavirus vaccines, including Moderna Inc , fell about 10per cent on Wednesday, as investor concerns grew about the prospects of the experimental products that are still in early stages of development.
Moderna's stock has more than doubled this year, on the back of early positive data from its experimental vaccine, among the first to be tested in humans in the United States for the virus.Shares of the company fell as investors questioned the widely accepted timeline of 12 to 18 months for developing a vaccine for the new coronavirus, and also worried about a lack of granular data on the vaccines, analysts said.
The 12-18 months timeline was too aggressive, Merck & Co Inc Chief Executive Officer Kenneth Frazier told the Financial Times on Tuesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andrea Bocelli Shares His Secret Battle With COVID-19: “It Was Like A Living Nightmare”
Source: TODAYonline - 🏆 1. / 99 Read more »
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdownsJapanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation's automotive industry reboots in line with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Britain revises up COVID-19-related deaths to 46,000LONDON: Britain's number of deaths 'involving' COVID-19 has risen to 46,000, substantially higher than the 36,914 fatalities officially reported ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
383 new Covid-19 cases in Singapore, including 1 Singaporean or PR[SINGAPORE] A Singaporean or permanent resident is among the 383 new coronavirus cases preliminarily confirmed on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Bethlehem's Church of the Nativity reopens as Palestinians ease COVID-19 curbsBETHLEHEM: Bethlehem's Church of the Nativity, the traditional birthplace of Jesus, reopened to worshippers and tourists on Tuesday (May 26) as ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Red Cross urges halt to cyberattacks on healthcare sector amid COVID-19The Red Cross called for an end to cyberattacks on healthcare and medical research facilities during the coronavirus pandemic, in a letter ... 👍🏾👍🏼👍🏽
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »