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  • Merck-Moderna cancer vaccine win spurs stock jump, speculation of Keytruda-like impact

Merck-Moderna cancer vaccine win spurs stock jump, speculation of Keytruda-like impact

  • August 20, 2026

As the dust settles on phase 3 data that added $45 billion to Moderna’s market cap, analysts have begun to ask a question that could define cancer care in the coming years: Can use of the vaccine be as broad as Keytruda?

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