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Moderna Announces First Participant Dosed in Phase 1 Clinical Trial Evaluating Investigational Tumor-Targeted Cancer Antigen Therapy in Solid Tumors

(Moderate)
(Very Positive)

Moderna (NASDAQ:MRNA) announced dosing of the first U.S. participant in its Phase 1 trial of mRNA-4200, an investigational tumor-targeted cancer antigen therapy for adults with advanced or metastatic solid tumors. mRNA-4200 encodes seven antigens shared across patients and tumor types to help induce and expand T-cell responses against selected tumor targets.

The first dose was given at START Mountain Region in Salt Lake City, part of The START Center for Cancer Research network. The Phase 1 study (NCT06880549) is an open-label, multicenter, dose-escalation trial evaluating safety and tolerability of mRNA-4200 with checkpoint inhibitor therapy. mRNA-4200 is Moderna’s third off-the-shelf cancer antigen therapy and was developed with Immatics, using its XPRESIDENT® target discovery and XCUBE® bioinformatics and AI platforms.

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Positive

  • First participant dosed in Phase 1 mRNA-4200 solid tumor trial
  • Third off-the-shelf cancer antigen therapy candidate added to Moderna’s oncology pipeline
  • Combination trial design evaluates mRNA-4200 with checkpoint inhibitor therapy in advanced solid tumors
  • Collaboration with Immatics leverages XPRESIDENT® and XCUBE® platforms for target discovery and validation

Negative

  • None.

Market reaction after mRNA-4200 Phase 1 trial: MRNA -7.51% in the Jul 16 session

-7.51%
14 alerts
-7.51% Session close to close
-3.9% Trough in 9 hr 52 min
$27.09B Market Cap
0.6x Rel. Volume

In the Jul 16 session, MRNA declined 7.51%, reflecting a notable negative market reaction. Argus tracked a trough of -3.9% from its starting point during tracking. Our momentum scanner triggered 14 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -7.5% in the session following this news. A sharp decline after the mRNA-4200 Phase ...
Analysis

The stock moved -7.5% in the session following this news. A sharp decline after the mRNA-4200 Phase 1 dosing news would be directionally consistent with the modest average -0.21% move seen on past clinical-trial headlines. Given moderate short interest and net insider selling, sentiment could turn quickly on any perceived safety risk.

Key Figures

Encoded antigens: 7 antigens Trial phase: Phase 1 Clinical trial ID: NCT06880549
3 metrics
Encoded antigens 7 antigens Targets encoded by mRNA-4200 therapy candidate
Trial phase Phase 1 First-in-human study of mRNA-4200 in advanced solid tumors
Clinical trial ID NCT06880549 ClinicalTrials.gov identifier for mRNA-4200 Phase 1 study

Previous Clinical trial Reports

5 past events · Latest: Jun 08 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 08 Phase 1/2 authorization Positive -2.5% UK authorization to begin Phase 1/2 Lynch syndrome cancer vaccine trial.
May 06 Phase 3 data Positive -0.5% NEJM publication of pivotal Phase 3 efficacy and safety data for mRNA-1010.
Apr 21 Phase 3 initiation Positive +0.9% First U.S. and UK participants dosed in H5 pandemic influenza vaccine Phase 3.
Apr 17 Phase 1/2 data Positive -1.8% AACR presentation of high ORR and DCR for mRNA-4359 plus pembrolizumab.
Jan 20 Phase 2b long-term data Positive +2.8% Five-year follow-up showing reduced recurrence risk with intismeran autogene plus KEYTRUDA.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-specific clinical trial headlines have produced mixed reactions, with a slight average negative move and more events trading down than up.

Key Terms

checkpoint inhibitor therapy, open-label, multicenter, dose-escalation
4 terms
checkpoint inhibitor therapy medical
"evaluate the safety and tolerability of mRNA-4200 administered with checkpoint inhibitor therapy"
A cancer treatment that helps the body's immune system recognize and attack tumors by blocking signals that act like brakes on immune cells; think of it as releasing a safety restraint so immune cells can pursue cancer more aggressively. It matters to investors because clinical trial results, approval decisions, and safety profiles for these drugs can dramatically affect a drugmaker's revenue prospects, valuation and wider market expectations for oncology portfolios.
open-label medical
"is an open-label, multicenter, dose-escalation study that will evaluate the safety"
Open-label describes a situation where everyone involved in a study or process knows the full details, such as who is receiving a treatment or intervention. For investors, understanding whether a project or product is open-label helps gauge the level of transparency and potential biases, influencing trust and decision-making. It’s like knowing whether a test or experiment is conducted openly or behind closed doors.
multicenter medical
"is an open-label, multicenter, dose-escalation study that will evaluate the safety"
A multicenter study or trial is conducted at several independent locations or clinics rather than a single site, so researchers collect data from diverse groups and settings. For investors, multicenter designs matter because they increase the credibility and generalizability of results, reduce the risk that findings are due to one local population or practice, and often speed enrollment — all factors that can affect regulatory outcomes, market confidence and commercial prospects.
dose-escalation medical
"is an open-label, multicenter, dose-escalation study that will evaluate the safety"
Dose-escalation is the part of an early-stage clinical trial where researchers gradually increase a drug’s dose in small groups of participants to find the safest and most effective amount. Think of it like turning up the volume slowly to find the sweet spot: investors watch these results closely because they reveal safety risks, potential effectiveness, and how quickly a drug can move to later trials or approval, all of which affect the development timeline and commercial prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CAMBRIDGE, MA / ACCESS Newswire / July 16, 2026 / Moderna, Inc. (NASDAQ:MRNA) today announced the dosing of the first U.S. participant in its Phase 1 study evaluating mRNA-4200, a tumor-targeted cancer antigen therapy candidate, in patients with advanced or metastatic solid tumors. mRNA-4200 encodes for seven antigens commonly shared across patients and tumor types and is designed to help induce and expand T-cell responses against selected tumor targets.

"mRNA-4200 represents our third off-the-shelf cancer antigen therapy candidate and builds on our efforts to explore broad applicability across multiple cancer types," said David Berman, M.D., Ph.D., Chief Development Officer of Moderna. "By encoding multiple shared tumor targets, this investigational therapy reflects our ongoing efforts to expand the potential of cancer immunotherapy beyond single-target approaches as we continue working to transform cancer care for patients."

The first dose was administered by Dr. William McKean, Clinical Investigator at START Mountain Region in Salt Lake City, Utah, part of The START Center for Cancer Research, the world's largest community-based early-phase oncology site network.

"The first patient dosed in a study represents far more than an operational milestone--it marks the beginning of evaluating a new therapeutic approach that has the potential to impact patients with advanced cancer," said Dr. McKean. "We are proud to continue our collaboration with Moderna and to support the clinical development of mRNA-4200 by providing patients with early access to promising investigational treatments while generating the clinical evidence needed to advance cancer research."

The Phase 1 trial (ClinicalTrials.gov identifier: NCT06880549) is an open-label, multicenter, dose-escalation study that will evaluate the safety and tolerability of mRNA-4200 administered with checkpoint inhibitor therapy in adult participants with advanced solid tumors.

mRNA-4200 was developed in collaboration with Immatics under the Database Program. mRNA-4200 incorporates targets identified using Immatics' XPRESIDENT® target discovery and validation platform and its bioinformatics and AI platform XCUBE®.

About Moderna

Moderna is a pioneer and leader in the field of mRNA medicine. Through the advancement of its technology platform, Moderna is reimagining how medicines are made to transform how we treat and prevent diseases. Since its founding, Moderna's mRNA platform has enabled the development of vaccines and therapeutics across infectious diseases, cancer, rare diseases and more. 

With a global team and a unique culture, driven by the company's values and mindsets, Moderna's mission is to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X, Facebook, Instagram, YouTube and LinkedIn. 

Moderna Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the ability for mRNA-4200 to help induce and expand T-cell responses against selected tumor targets; and the potential of Moderna's mRNA platform in oncology. In some cases, forward-looking statements can be identified by terminology such as "will," "may," "should," "could," "expects," "intends," "plans," "aims," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna's control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading "Risk Factors" in Moderna's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna's current expectations and speak only as of the date of this press release.

Moderna Contacts

Media:

Chris Ridley
Vice President, Global Head of Communications
+1 617-800-3651
Chris.Ridley@modernatx.com

Investors:

Lavina Talukdar
Senior Vice President & Head of Investor Relations
+1 617-209-5834
Lavina.Talukdar@modernatx.com

START Contacts

Lauren Panco
Vice President, Marketing
+1 609-216-4920
Lauren.Panco@startresearch.com

SOURCE: Moderna, Inc.



View the original press release on ACCESS Newswire

FAQ

What did Moderna (MRNA) announce about its mRNA-4200 cancer therapy on July 16, 2026?

Moderna announced that the first U.S. participant was dosed in its Phase 1 mRNA-4200 trial. According to Moderna, this early-stage study evaluates an investigational tumor-targeted cancer antigen therapy in adults with advanced or metastatic solid tumors at multiple centers, including a Salt Lake City site.

What is Moderna's mRNA-4200 tumor-targeted cancer antigen therapy for solid tumors?

mRNA-4200 is an investigational cancer antigen therapy encoding seven shared tumor antigens for solid tumors. According to Moderna, it is designed to help induce and expand T-cell responses against selected tumor targets and represents the company’s third off-the-shelf cancer antigen therapy candidate in development.

How is the Phase 1 mRNA-4200 trial (NCT06880549) for Moderna (MRNA) designed?

The Phase 1 mRNA-4200 trial is an open-label, multicenter, dose-escalation study in adults. According to Moderna, it evaluates the safety and tolerability of mRNA-4200 administered with checkpoint inhibitor therapy in participants with advanced solid tumors, using increasing dose levels across several clinical sites.

Where was the first patient treated in Moderna's mRNA-4200 Phase 1 trial for solid tumors?

The first mRNA-4200 dose was administered at START Mountain Region in Salt Lake City, Utah. According to Moderna, this site is part of The START Center for Cancer Research, described as the world’s largest community-based early-phase oncology site network supporting early cancer clinical studies.

How are Moderna (MRNA) and Immatics collaborating on the mRNA-4200 cancer program?

mRNA-4200 was developed in collaboration with Immatics under the Database Program. According to Moderna, the therapy incorporates targets identified using Immatics’ XPRESIDENT® target discovery and validation platform and its XCUBE® bioinformatics and AI platform, supporting selection of shared tumor antigens for this investigational therapy.

What types of cancer patients are eligible for Moderna's Phase 1 mRNA-4200 trial (MRNA)?

The Phase 1 mRNA-4200 study enrolls adult participants with advanced or metastatic solid tumors. According to Moderna, the open-label, dose-escalation trial evaluates safety and tolerability when mRNA-4200 is given with checkpoint inhibitor therapy, targeting tumors that express the selected shared antigens.