Moderna ready to break out of this huge wedge

31 août 2021

With the recent scare with the contaminated vials in Japan turning out to be bogus (black particles in the vial turned out to be pieces of rubber broken off from the rubber stopper on the vial when improperly inserting the needle before dosing the syringe), the stock is primed to break out of the wedge that has been forming since the early august all time high.

1 sept. 2021

Note

They have managed to pin down the source of the contamination:

_The most probable cause of contamination was related to friction between two pieces of metal in the machinery that puts stoppers on the vials, Moderna said in the joint statement with Takeda. The material was confirmed to be stainless steel._

_"Stainless steel is routinely used in heart valves, joint replacements and metal sutures and staples. As such, it is not expected that injection of the particles identified in these lots in Japan would result in increased medical risk," Takeda and Moderna said in a joint statement._

source: finance.yahoo.com/news/1-japan-finds-stainless-steel-134708785.html