Moderna Shares Slide After Norovirus Trial Misses Early Goals, Legal Charge Weighs on Balance Sheet
Moderna fell sharply in pre-open trading after announcing that its norovirus vaccine candidate mRNA-1403 failed to meet early success criteria in a Phase 3 interim analysis. The disappointment came despite second-quarter revenue that topped consensus, and was compounded by a roughly $0.9 billion charge to 2026 cost of sales tied to litigation and a…