CureVac (NSDQ:CVAC) and GSK (NYSE:GSK) have announced the dosing of the first participant in a Phase 1 study of a multivalent influenza vaccine built on a second-generation mRNA backbone. The study is based in Panama and will enroll approximately 240 subjects.
CVAC shares increased 2.27% to $19.34 in mid-day trading.
At various points last year, however, the company’s stock was trading over $100 per share on enthusiasm about the company’s first-generation COVID-19 vaccine. However, the shares later tanked after the company announced that interim vaccine efficacy was 47% in the Phase 2b/3 study.
The company’s second-generation COVID-19 vaccine remains in pre-clinical development.
Its influenza vaccine candidate has multiple non-chemically modified mRNA constructs related to four different influenza strains.
Pfizer (NYSE:PFE) and Moderna (NSDQ:MRNA) are also developing mRNA-based influenza vaccines.
Investors were dis…