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On May 30, 2025,
(MRNA) experienced a significant trading volume of $811 million, marking a 199.49% increase from the previous day. This surge placed Moderna at the 194th position in terms of trading volume for the day. However, the stock price of Moderna closed 1.37% lower.The Trump administration has terminated a $766 million contract with Moderna, which was intended to support the development of an
vaccine for bird flu. This decision comes despite Moderna's positive interim data from a Phase I/II clinical study, which showed a robust immune response and a favorable safety profile in participants. The company is now exploring alternative paths to continue the development of its mRNA-1018 vaccine candidate.Moderna had initially received a $176 million grant from the Biomedical Advanced Research and Development Authority (BARDA) in July 2024, with an additional $590 million from the US Department of Health and Human Services (HHS), bringing the total contract value to $766 million. The funds were earmarked for the late-stage development of Moderna's mRNA-1018 vaccine, targeting the H5 influenza virus, a family of pathogens that can infect humans if transmitted from birds.
Moderna's CEO, Stéphane Bancel, expressed disappointment over the termination of funding but highlighted the positive clinical data, which underscores the potential of mRNA technology as a countermeasure to emerging health threats. The company is now considering alternative funding sources to continue the development of its bird flu vaccine.
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