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Moderna shares drop 25% after partial cancer vaccine data leak despite positive full results

Market News
22 Oct 2026
CNBC
View Source
Bearish
Moderna shares drop 25% after partial cancer vaccine data leak despite positive full results

Moderna's stock fell up to 25% following the leak of partial data on its cancer vaccine developed with Merck, despite the full phase 3 trial results later showing positive outcomes. The vaccine, combined with Merck's Keytruda, reduced the risk of melanoma recurrence or death by 42% and the risk of cancer spreading or death by 38% compared to Keytruda alone. These promising results, to be presented at a major oncology conference, highlight the vaccine's potential as a breakthrough treatment and a key new product for Moderna beyond its existing vaccines. The stock has surged over 530% this year amid high investor expectations for this therapy's future impact.

Moderna's shares dropped sharply by 23.65% on Pluang, trading at USD 187.67 as of Oct 23, 2026 01:41 WIB, reflecting strong sell pressure with 57% of orders to sell. Merck's stock also declined by 1.25%, priced at USD 148.05, with a majority of 63% sell orders on Pluang at the same time.

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