Investors who suffered losses on Moderna, Inc. ("Moderna" or the "Company") stock may have claims to recover those losses. The Law Offices of Howard G. Smith today reported that it is conducting a securities fraud investigation on behalf of Moderna, Inc. (NASDAQ: MRNA) investors into whether the Company may have violated the federal securities laws. The investigation comes after a October 22, 2026 disclosure concerning Moderna, Inc.
Investors with losses on Moderna, Inc. securities can contact The Law Offices of Howard G. Smith about the Moderna, Inc. investigation to learn about potentially pursuing claims to recover their losses.
Key facts for Moderna, Inc. investors
- Disclosure: October 22, 2026
- Stock drop: $56.71 per share, or 23.07%
What happened?
On October 22, 2026, an early release of closely watched clinical trial results for Moderna and Merck’s joint experimental cancer vaccine appeared on medical news website Oncology Central but were taken down shortly afterward. According to the briefly published report, combining the Moderna and Merck’s personalized mRNA cancer vaccine with Merck’s blockbuster immunotherapy Keytruda reduced the risk of melanoma returning or death by 42% compared with Keytruda alone.
On this news, Moderna stock fell as much as $56.71 or 23.07%, during intraday trading on October 22, 2026.
"On October 22, 2026, it was reported that Oncology Central briefly published clinical trial results reporting that Moderna and Merck's personalized mRNA cancer vaccine combined with Keytruda reduced the risk of melanoma returning or death by 42% compared with Keytruda alone, and Moderna, Inc. stock lost 23.07% of its value. Our investigation is focused on whether shareholders had the full story before that report," said Howard G. Smith of The Law Offices of Howard G. Smith.
Next steps for Moderna, Inc. investors
The Law Offices of Howard G. Smith is examining potential claims on behalf of Moderna, Inc. investors. Investors with losses can visit the firm's website, email howardsmith@howardsmithlaw.com, or call (215) 638-4847 to discuss the Moderna, Inc. investigation.
Common questions from Moderna, Inc. investors
Who is eligible? Moderna, Inc. investors who bought securities and lost money may have claims, and can reach out to the firm to learn whether the Moderna, Inc. investigation affects them.
What is a securities fraud investigation? Through the Moderna, Inc. investigation, The Law Offices of Howard G. Smith is reviewing whether the Company or its officers may have made false or misleading statements to investors in violation of the federal securities laws.
Has a lawsuit been filed? This release announces an investigation of Moderna, Inc. by The Law Offices of Howard G. Smith, not a lawsuit. If a securities class action is later filed, Moderna, Inc. investors may be able to seek appointment as lead plaintiff.
Does it cost anything? The Law Offices of Howard G. Smith works on contingency, meaning Moderna, Inc. investors owe no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid solely from a recovery, if achieved, and require court approval.
Whistleblower notice
Individuals with non-public information about Moderna, Inc. should consider their options to help the investigation or take part in the SEC Whistleblower Program. Whistleblowers who provide original information that leads to a successful SEC enforcement action may receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Howard G. Smith at (215) 638-4847 or email howardsmith@howardsmithlaw.com.
About The Law Offices of Howard G. Smith
The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.
Prior results do not guarantee a similar outcome.
Related links
- Moderna, Inc. investigation, The Law Offices of Howard G. Smith
- Moderna, Inc. SEC filings index, EDGAR
- SEC Whistleblower Program
- The Law Offices of Howard G. Smith
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261023483451/en/
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