Melanoma Vaccine Shows Promise, Moderna Shares Jump
Listen to the story
A new vaccine against melanoma shows good results. Melanoma is a serious type of skin cancer. The vaccine comes from a company called Moderna. It is a personalized vaccine. This means doctors make it special for each patient.
The vaccine uses mRNA technology. This is the same technology used in some Covid-19 vaccines. The vaccine passed phase III of testing. Phase III is the last big test before a medicine can go on sale. Good phase III results mean the vaccine works well.
After the news, Moderna's stock price jumped a lot. The stock market reaction was very strong. Moderna's shares went up by 102%. This happened on Wall Street, the famous stock market in New York. Other European stock markets were less sure that day.
The news also affected other markets. The price of gold went up too. This happened because of actions by the US Treasury. Many people are now watching Moderna closely. This vaccine could help many cancer patients in the future.
Vocabulary11 words
- vaccine
- a medicine that stops people from getting a disease
- melanoma
- a dangerous type of skin cancer
- personalized
- made specially for one person
- mRNA
- a type of technology used to make some new vaccines
- phase III
- the last big test of a new medicine on many people
- stock
- a small part of a company that people can buy
- stock market
- a place where people buy and sell parts of companies
- shares
- small parts of a company owned by people
- Wall Street
- a famous stock market in New York, USA
- gold
- a valuable yellow metal
- Treasury
- the part of government that manages money
Quiz
Answer key
1. Melanoma, a type of skin cancer 2. It jumped by 102% 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
A new _____ against melanoma shows good results. Melanoma is a serious type of skin _____. The vaccine comes from a company called Moderna. It is a _____ vaccine.
The vaccine uses _____ technology. This is the same technology used in some Covid-19 vaccines. The vaccine passed _____ of testing.
After the news, Moderna's _____ price jumped a lot. Moderna's _____ went up by _____%. This happened on _____, the famous stock market in New York.
The price of _____ went up too. This happened because of actions by the US _____.