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Biotech stocks hit a post-pandemic high on Moderna trial win

Aug 19, 2026, 2:38 PM ETState Street SPDR S&P Biotech ETF (XBI), IBB, MRNA Stock, MRK StockBBH, PBE, NVAX, FBT, BIB, EDIT, NTLA, CRSP, TWST, SP500, GNOM, IDNA, BNTX, BEAM, HELX, RXRX, ABSI, PRME, ANTHROBy: Dulan Lokuwithana, SA News Editor
US 100 dollar bill folded into an up arrow on wooden table. Illustration of the concept of inflation, profit, earning and investment

Biotech stocks have reached their highest level since the height of the pandemic after Moderna (MRNA) and Merck (MRK) announced that a late-stage trial testing their messenger RNA-based cancer therapy reached its main goals.

Healthcare became the best-performing sector in

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