Early data on Moderna's COVID-19 vaccine insufficient: Stat News

[progree]

Source: Reuters

Data from a small, early-stage safety trial testing Moderna Inc’s experimental COVID-19 vaccine does not provide critical data to assess its effectiveness, Stat News reported on Tuesday, citing experts.

The health news publication's report bit.ly/36kKerh pulled down shares of the Cambridge, Massachusetts-based biotech and erased modest gains on the benchmark S&P 500 index.

Moderna said on Monday the vaccine candidate, the first to be tested in the United States, produced protective antibodies in a small group of healthy volunteers.

The news based on data from eight people who took part in a 45-subject safety trial sent the company’s shares up nearly 20% on Monday and also pushed the markets higher.

Read more: https://www.reuters.com/article/us-health-coronavirus-moderna/early-data-on-modernas-covid-19-vaccine-insufficient-stat-news-idUSKBN22V2ZH

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Here's the StatNews report for deep divers:

Vaccine experts say Moderna didn’t produce data critical to assessing Covid-19 vaccine, StatNews, 5/19/20

https://www.statnews.com/2020/05/19/vaccine-experts-say-moderna-didnt-produce-data-critical-to-assessing-covid-19-vaccine/

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It's reported success was the biggest reason I've seen given for yesterday's 912 point run-up on the Dow.

The Dow quickly dropped after the news came out this afternoon, closing down 390 points.

[LiberalArkie]

1. Someone made a lot of money though. That is the only thing that matters, Right?

[iluvtennis]

3. Indeed. nt

[central scrutinizer]

6. Pump and dump

Biz as usual

[Squinch]

9. Someone being Donny Bodybags and his new "vaccine czar."

The "vaccine czar" owns something like $10 billion in Moderna stock.

I guarantee Donny Bodybags got a taste of that.

[iluvtennis]

2. I guess I expect too much from the media. Would have been nice had they come out and said that the

early data on Moderna vaccine was base on 20% of a 45-person trial. We all want a vaccine, but the full context of the trial results should be provided so the global public understands where things stand.

[turbinetree]

4. I heard that a trump lackey donated all of his "winning's" in this vaccine

so in essence he gets to write it off and still make killing on his taxes...............

[global1]

5. I Predicted This Yesterday When I Heard The Market Was Up.....

I said it was market manipulation and that it would be down again today. I just learned that it was.

I'm sure people were tipped off about the news - on both days and they made money when the market went up and today when it dropped.

Probably the Mar-a Lago members.

[Warpy]

7. NIH grant money seems to be flowing at long last

Local news said U-NM is working on a vaccine prototype.

Maybe they'll succeed, they beat the CDC at identifying hantavirus and its vector when we had a big cluster of cases in the 90s.

[WVreaper]

8. Bigly boast to their stock prices!

[Steelrolled]

10. Read the StatNews article and I'm still feeling good

In short, it says the data is very preliminary and incomplete and a scientific paper is needed. I would call it a balanced report, but not a useful one.

Moderna responded that a scientific paper is being prepared.

[progree]

11. Moderna unveiled encouraging CV vaccine results. Then top execs dumped nearly $30 million of stock

More: Eugene's posting in the Economy & Education Group
https://www.democraticunderground.com/111688438