the FDA Blocked Moderna's New Flu Shot
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The federal government on Wednesday told its side of the story amid a disagreement with Moderna after the FDA decided to refuse reviewing the drugmaker’s flu vaccine application.
The vaccine maker says the Food and Drug Administration has refused to review its application to sell a new seasonal flu vaccine.
PROFIT: The pharmaceutical company is expected to report a loss of $1.02 billion, or $2.54 a share, according to analysts polled by FactSet. That compares with a loss of $1.12 billion, or $2.91 a share, a year earlier.
Moderna Inc (NASDAQ:MRNA) has delivered a 37% gain year-to-date, dramatically outpacing the biotech sector’s 0.4% YTD return. In fact, Moderna has the 12th-best gains in the entire S&P 500 so far in 2026!
Refusal to review the submission is inconsistent with feedback at pre-Phase 3 and pre-submission consultations; Moderna
The biotech company said the FDA won’t review its flu vaccine, in the latest hit to mRNA development.
Moderna will continue to lead clinical development and manufacturing for mRNA-3927Moderna to receive up to $160 million