Moderna Covid Vaccine SEC Filing

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In a filing with the Securities and Exchange Commission, Moderna says the Phase 1 clinical trial of its mRNA-1273 potential vaccine against the novel coronavirus SARS-CoV-2 (Covid-19) is proceeding according to protocol. The study is being led by the National Institutes of Health, the filing says, with the first of 45 healthy adult participants in Washington state dosed 3/16.

The study is evaluating the safety and immunogenicity of three dose levels of mRNA-1273 administered on a two-dose vaccination schedule given 28 days apart. Study participants will be followed through 12 months after the second vaccination, the company says.

The Moderna filing also discusses the impact of the Covid-19 pandemic on the company, noting that if it continues to spread, company business operations could be delayed or interrupted, including clinical trials.

The filing says that while a company official told Goldman Sachs that it is scaling up manufacturing capacity toward the production of millions of doses of mRNA-1273 per month, its ability to make this many “is contingent on investments in the scale-up and further buildout of the company’s existing manufacturing infrastructure.”

In an online post, TechCrunch says Moderna’s is the first potential vaccine to enter human trials in the U.S. While company officials said that mass production of a successful vaccine could be 12-18 months away, they also said they would seek an FDA emergency use authorization to offer it to healthcare workers in early fall. The newsletter says the proposed vaccine makes use of messenger RNA, rather than relying on either a small or inactive sample of the COVID-19 virus itself, the source of most existing effective vaccines. “The mRNA method means there is no actual virus introduced to subjects who receive it, which in turn means that they are not at risk of actually contracting the virus from the vaccine itself, which can be an issue in the testing and development phase of any traditional virus-based immune therapy,” it says.

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