Pharma Bro Admits 'Playing Around' With MRNA Short At $80 Before it Exploded 177% Following Cancer Vax Trials— ‘I Bet You a Bunch of People Got Fired’
Martin Shkreli revealed he was shorting Moderna (MRNA) at $80 per share before its 177% surge following positive cancer vaccine trial results. Analysts had an average price target of $52.95. MRNA shares closed at $174.38, adding $38B in market cap. The stock is up 491.32% year-to-date.
How this was made

The 30-second read
Why it matters
The Phase 3 data represents a breakthrough for mRNA oncology, likely to reshape investor expectations for the sector.
Market read
The announcement caused a 177% intraday surge, adding ~$38 billion to market cap, making it a top market mover.
What to watch
Regulatory approval timeline and manufacturing scalability remain uncertain.
Background
Moderna's COVID‑19 vaccine legacy was considered waning before the cancer vaccine data.
Ticker impact
Moderna announced positive Phase 3 results for its mRNA cancer vaccine, driving the stock up 177% in a single day.
upward, continued volatility expected as investors digest data
First successful Phase 3 mRNA cancer therapy; unprecedented price move indicates strong market reaction.
Market effects
Validates mRNA platform for oncology, boosting biotech sector sentiment.
U.S. biotech stocks likely to see spillover gains.
Highlights potential for mRNA therapies worldwide, may influence global pharma pipelines.
Counterpoint
Rapid price run may be over‑extended; short sellers could target pull‑back.
Key entities
- companyModerna Inc.
Biotech firm developing mRNA therapeutics.
- companyMerck & Co., Inc.
Partner in the melanoma vaccine trial.




