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Moderna, Merck climb on collaboration with Tempus

BUZZ-Moderna, Merck climb on collaboration with Tempus

** Pharmaceutical companies Moderna MRNA.O and Merck MRK.O climb 3.25% to $193.56 and 1.46% to $144.01, respectively

** AI healthcare technology company Tempus TEM.O announces multi-year collaboration with the firms to support the potential commercialization of intismeran autogene, an experimental personalized mRNA cancer treatment developed by Moderna and Merck

** TEM says it will manage the collection and transfer of tumor tissue and blood samples needed for next-generation sequencing

** To provide sequencing services to support the therapy's design and manufacturing, subject to regulatory approvals - TEM

** The financial terms of the collaboration were not disclosed

** TEM shares down 0.71% as part of a broader decline in AI stocks

** Including last session's move, MRNA and MRK up 553.10% and 36.61% respectively


(Reporting by Jayasree Prabhu)

((jayasree.prabhu@thomsonreuters.com))

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