Moderna, Merck vaccine cuts recurrence and spread of melanoma, raising new treatment hope

The companies did not provide detailed results, which they said they would share at an upcoming medical meeting. They do not yet have results on overall survival, a secondary endpoint in the trial that measures whether patients who receive a treatment live longer than those who do not. Melanoma is the deadliest form of skin cancer. In 2023, more than 1.5 million people in the U.S. were living with melanoma, according to the National Cancer Institute. Interim results of the ongoing study, released on Wednesday, found the treatment, Intismeran, met both its primary target of reducing cancer recurrence and its secondary goal of preventing tumors from spreading to other parts of the body, compared with Keytruda alone. When the vaccine is injected into a patient, the patient's cells produce copies of mutations for the immune system to recognize and destroy. Merck said the companies are already in talks with regulators about the treatment. Hoge said given the vaccine's breakthrough therapy designation, it could be available as soon as next year. He called the result a landmark. William Blair analyst Myles Minter said the interim results position both companies well to seek regulatory approval, while also reading positively for the vaccine's studies in other types of cancer. Last month, Barclays analysts said they expect the therapy could generate annual sales of about $3 billion for treating melanoma by 2035. J.P. Morgan analysts said the launch of Intismeran in adjuvant melanoma will be key to Moderna returning to profitability. The cancer treatment combines Merck's Keytruda with a made-to-order mRNA vaccine from Moderna that is based on an analysis of mutations found in the patients' own tumors. The trial enrolled 1,137 high-risk patients with stage IIB-IV melanoma that had been surgically removed. Volunteers were randomized to receive up to nine doses of Keytruda plus the personalized vaccine or Keytruda alone for about one year. The companies said no new safety signals have emerged in the trial. In January, the companies announced results of a mid-stage trial of the treatment showing that it reduced the risk of recurrence or death by 49% after five years. Moderna CEO Stephane Bancel said on CNBC the companies have not decided on pricing, saying the data had only become available a couple of days ago. The results signaled a reversal of fortune for Moderna, which has struggled to generate new products beyond its COVID-19 vaccine and faced pushback over its mRNA technology from President Donald Trump's administration. U.S. Health and Human Services Secretary Robert F. Kennedy Jr. has criticized the safety and efficacy of mRNA vaccines and cut $500 million in mRNA vaccine projects. Still, the National Cancer Institute has continued to fund trials of cancer vaccines, including those based on mRNA. Moderna shares surged to multiyear highs, adding nearly $40 billion to the company's market capitalization. Merck climbed 12% on hopes the vaccine will expand its prospects in cancer as Keytruda, once the world's best-selling drug, faces patent expiration later this decade. The trial results attracted new investor interest in the biotech sector broadly. The Nasdaq Biotechnology Index .NBI climbed 5.2% to a record high. Moderna and Merck said on Wednesday that a personalized mRNA cancer vaccine reduced the risk of recurrence and spread of melanoma in a late-stage trial, a major success in a new field of cancer treatment that sent Moderna's shares surging as much as 160%. The companies tested the vaccine together with Merck's immunotherapy drug Keytruda, a widely used melanoma treatment. Thousands of patients who have undergone surgery to remove high-risk melanoma tumors could benefit as soon as next year if regulators approve the vaccine, Moderna President Stephen Hoge said in an interview. This is the first positive late-stage trial result for an mRNA cancer vaccine, which trains a patient's immune system to fight tumors by targeting specific mutations in those cells, and the first such study to show that adding a treatment to Keytruda worked better than that therapy alone. Merck, Moderna and other companies are testing similar approaches against lung, breast and pancreatic cancers.

Moderna, Merck vaccine cuts recurrence and spread of melanoma, raising new treatment hope

Trial details and next steps

Commercial prospects and study design

Shares jump and biotech sector follows

Late-stage trial meets recurrence and spread goals

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