Moderna, Inc. (MRNA) surged 11.55% intraday on Tuesday, reflecting strong investor optimism following CEO Stéphane Bancel's comments at the JPMorgan Healthcare Conference.
The rally comes as Bancel highlighted Moderna's plans to expand into the European Covid-19 vaccine market, capitalizing on Pfizer's expiring EU partnership. He also noted potential growth from a flu-plus-Covid combo vaccine approval in 2026, which could further boost sales. The company is actively pursuing partnerships in the UK, Canada, and Brazil to diversify its geographic reach.