The National Institutes of Health (NIH) plans to launch a public-private partnership in December to accelerate the development of cancer vaccines. The initiative aims to replicate the rapid development process used for Covid-19 vaccines, focusing on pediatric tumors as well as colorectal, liver, and pancreatic cancers.
Following reports of the initiative, Moderna shares rose over 14%, reaching a four-year high and their highest level since January 2022.