Time: 2024-09-07
Moderna , Inc. announce that the Committee for Medicinal Products for Human Use ( CHMP ) of the European Medicines Agency 's has recommend selling mandate for its update formulation of the messenger_RNA - establish COVID-19 vaccine , Spikevax , target the discrepancy JN.1 . The CHMP recommend selling blessing for active_agent immunization to prevent COVID-19 in person aged six calendar_month and above . pending a decision from the European Commission , the update COVID-19 messenger_RNA vaccine will be available for the 2024 - 2025 season . This decision was establish on a combination of fabrication and preclinical data and previous clinical , not - clinical , and real_number - universe evidence.
Spikevax , target the discrepancy JN.1 . , is currently approve in the United States , the United Kingdom , Japan , and Taiwan . The FDA recently approve Spikevax for the KP.2 strain of the virus , along with the update messenger_RNA - establish COVID-19 vaccine from Pfizer and BioNTech . The FDA also allow emergency use mandate to low - dose formulation of these vaccine for person aged six calendar_month through 11 old_age . The update vaccine composition is establish on guidance from the FDA publish in late June 2024.
vaccine maker like Pfizer , BioNTech , and Moderna are experience a decline in merchandise gross_sales and market value as COVID-19 case decrease . While Holocene rise in infection case could resuscitate demand for vaccine , a significant addition in gross and net_income see during the extremum of the pandemic look improbable . Moderna 's stock has drop 26.1 % this year compare to the industry 's decline of 0.9%.
Moderna currently carry a Zacks Rank # 4 ( sell ) . A better - rank stock in the biotechnology sector is Krystal Biotech , Inc. , with a Zacks rank # 1 ( strong bargain ) . estimate for Krystal Biotech 's net_income per share have see positive revision , and the stock has show significant growth . With the evolve landscape of COVID-19 vaccine and the potential for update formulation to meet new discrepancy , the market for vaccine remains moral_force and subject to change . investor should closely proctor development in the healthcare sector for potential opportunities.