Moderna
stock shot up after
Merck
said it is exercising an option to work on a personalized cancer vaccine with the Covid-19 vaccine maker.
Merck (ticker: MRK) will pay
Moderna
(MRNA) $250 million for the joint development and future commercialization of the vaccine, which is currently in Phase 2 clinical trials. The two companies had announced a “strategic collaboration” in June 2016.
Source: https://www.barrons.com/articles/moderna-stock-price-merck-cancer-vaccine-51665586639?siteid=yhoof2&yptr=yahoo