First Human Death From Bird Flu Strain Puts Vaccine Stocks Back On The Map
Portfolio Pulse from Natan Ponieman
The first human death from a new bird flu strain (H5N2) in Mexico has caused a surge in vaccine stocks. Moderna, CureVac, and Novavax have seen significant stock price increases due to heightened demand for vaccines. Analysts attribute the volatility to retail trading based on headlines rather than profit potential.
June 06, 2024 | 6:21 pm
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CureVac's stock is up 12% this week and 72% in the past month as countries like the U.S. and Australia seek to accumulate more vaccines in response to the new bird flu strain.
The increased demand for vaccines due to the new bird flu strain has significantly boosted CureVac's stock. Countries are looking to stockpile vaccines, driving up the company's share price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Moderna's stock has risen 1.3% on Thursday and nearly 29% this month due to increased demand for vaccines amid the new bird flu strain. The U.S. government is nearing an agreement to support a late-stage trial for an mRNA bird flu vaccine by Moderna.
The news of the first human death from the H5N2 bird flu strain has increased demand for vaccines, benefiting Moderna. The U.S. government's support for a late-stage trial further boosts investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Novavax's stock has spiked 317% in the past month, though it lost 5.5% on Thursday. The spike is partly due to the company's plans to explore a bird flu vaccine and the FDA advisory committee's recommendation for updated COVID-19 vaccines.
Novavax's stock has seen a massive spike due to its plans to develop a bird flu vaccine and the FDA advisory committee's recommendation for updated COVID-19 vaccines. The recent drop may be a correction after the significant rise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100