Why COVID Vaccine Stocks Moderna, Novavax, and BioNTech Soared This Week

·2 min read
Why COVID Vaccine Stocks Moderna, Novavax, and BioNTech Soared This Week

Shares of Moderna (NASDAQ: MRNA) soared 10.5% this week as of the market close on Thursday. Shares of another COVID-19 vaccine maker, BioNTech (NASDAQ: BNTX), jumped 7%. There were several reasons behind the solid gains for each of these biotech stocks.

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