Moderna CEO Stephane Bancel on executive stock sales
Top executives at the biotech company Moderna have sold millions of dollars in stock this year as the company’s share price has skyrocketed on hopes it will produce a viable Covid-19 vaccine. Moderna CEO Stephane Bancel joins “Squawk Box” to address the concerns some investors have about the stock sales. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Moderna shares rose nearly 6% on Monday after the biotech company announced it received an additional $472 million from the U.S. government to support the development of its potential coronavirus vaccine.
The additional funding from the Biomedical Advanced Research and Development Authority will support Moderna’s late-stage development of its vaccine including the phase three study, which begins Monday and will include at least 30,000 participants. Moderna received $483 million from the federal agency in April.
There are no FDA-approved drugs or vaccines for the coronavirus, which has infected more than 16 million people worldwide and killed at least 648,900 in less than seven months, according to data compiled by Johns Hopkins University. There are more than 150 vaccines under development, according to the World Health Organization, with 25 vaccines already in human trials.
Shares of Moderna were up 5.8% to $77.43 in midmorning trading.
Moderna’s experimental vaccine, which is being developed with the help of the National Institutes of Health, contains genetic material called messenger RNA, or mRNA, which scientists hope provokes the immune system to fight the virus.
It became the first candidate to enter a phase one human trial in March. Pharmaceutical giant Pfizer and AstraZeneca, which are also conducting human trials for potential coronavirus vaccines, have previously received funding from BARDA.
The results from Moderna’s late-stage trial could be released as soon as October, Moderna CEO Stephane Bancel said Monday during an interview on CNBC’s “Squawk Box.” “It’s a really optimistic scenario. It could be November. Again, at this stage, it’s impossible for us to know precisely. It will depend on the event rate, the attack rate of infection.”
The phase three trial will enroll 30,000 participants across 87 locations, according to ClinicalTrials.gov. Participants will receive a 100 microgram dose of the potential vaccine on the first day and another 29 days later. Some patients in the trial will also receive a placebo.
Earlier this month, the biotech company released promising data on the vaccine trial, saying it generated a “robust” immune response. The vaccine candidate produced neutralizing antibodies, which scientists believe is important for building immunity against the virus, in all 45 patients tested in the trial, Moderna scientists reported in the New England Journal of Medicine.
The company said it remains on track to deliver between 500 million and 1 billion doses per year starting next year.
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Moderna stock will hit 100$ by the end of today!
The critical issue: Failure at the top medical three-letter agencies; Dr. Simone Gold; Dr. Vladamir Zelenko; Dr. Didier Raoult; etc., etc.; etc x 1,000
sketchy sketchy company
The CEO looks sleazy af.
Bunch of friggin crooks
0:49 Question : Do you plan to share any more of your shares at this point ?
in the answer Ceo talks about different topic so it means YES He will sell
lock him up!
This video was a month ago go on Modernas website and you will see that the executives continue taking multi millions out of there stock they just lie and they have the people’s money also the government gave them 1.5 billion dollars how much money do these people need? They better have a vaccine or they should leave America after what they are doing the SEC is investigating them now
If Modern really believes in Moderna why are the executives cashing in all their stocks? Because they know their stock will tank if the vaccine is not approved the poor people loosing money in their stock they don’t care who they hurt.
Looking at Stephane's face during the interview, I think he is pretty annoyed by those repetitive and useless questions. He must be thinking "Note to myself : never come back to CNBC, EVER". He has better things to do with his time, particularly at this critical time for Moderna.
They are quick to say that these stock sales were arranged well in advance to avoid the appearance of insider trading. Although that may have been the case in February, you certainly didn't have to be a rocket scientist, but rather a vaccine developer to realise that the situation would most likely go from bad to worse!. These pharma executives are playing the system and lining their pockets. 'Established in 2010, Moderna has never brought a product to market, or gotten any of its nine or so vaccine candidates approved for use by the FDA." Hmmmm?. Its all about the money baby!.
There is just so much excessive nodding and eye-blinking
If he had held on they would of been worth well over $12,0000,000 today instead of $4,000,000 😂 😂 😂
The HUB Forensics COVID Investigation of the Holistic University of Brisbane (HUB) has conclusive evidence that the Corona Virus pandemic is part of a biological weapon arms race involving Germany (Pfizer), USA (Moderna, Gilead), AstraZeneca (Britain/Sweden), China and Russia. The Chinese did develop COVID-19, but with $70 million from the USA and expertise from France, where the Pasteur Institute is the bioweapon centre. Luc Montagnier of the Pasteur Institute said early in the epidemic that the COVID-19 strain developed as a result of experiments to produce an AIDS vaccine – something that Deborah Birx and Anthony Fauci have been promising for many years – decades, in fact. The original corona virus was developed as a biological weapon by the Mafia (Italian), Mossad (Weisman Institute in Rehevot, Israel) and Masons (Freemasons) at the London School of Hygiene and Tropical Medicine (that has now employed Peter Piot, the Belgian biowarfare expert that took over UNAIDS after Jonathan Mann was killed). The WHO is corrupt and always has been – they are promoting the Pfizer, AstraZeneca and Moderna vaccines, rather than the Chinese or Russian vaccines. The moguls who masterminded this heinous conspiracy are Rupert Murdoch and Bill Gates, who also masterminded and profiteered through the AIDS genocide. Detailed evidence of this monstrous conspiracy can be found on the HUB Forensics and HUB Publications Facebook pages:
Moderna has not even ONE product in 10 years of money collecting. Think and research of all this.
I rather get Covid then taking anything that comes from this sleazy looking as*hole CEO
Keep your poisoned fingers from our children…..you SATAN !!!
Look it's agent Smith from the Matrix, where is Neo and Trinity when we need them ?
81 milioni di euro guadagnati nel 2020 vendendo i suoi pacchetti azionari, contrattando con gli stati, prendendo miliardi di soldi pubblici. Bello!
Lies at 1.10 drop in vocal tone, change in eye movement in particular blinking
What a healthy looking human playing god and making sure all humans are under his pharmaceutical crap. Another one who will have to pay for crime against humanity
Remember this man… how many innocent lives have been lost… and they have never had a single successful animal test. You can find documents on how bad their stuff was from 5+ years ago… overpromising on mRNA technology, failing to meet safety on animals, and now being used in humans. The world has gone mad.