Tempus (TEM) Expands Multi‑Year Deal With Moderna and Merck
Tempus extended its multi-year partnership with Moderna and Merck to support the potential commercialization of V940/mRNA-4157 with KEYTRUDA, including sample logistics and NGS services. Financial details were not disclosed.
How this was made

The 30-second read
Why it matters
The expanded collaboration could increase Tempus' service revenue if the vaccine progresses to market, but the impact is contingent on regulatory approval and commercial uptake.
Market read
The deal underscores growing integration of genomic data services with immunotherapy development, potentially benefiting the precision oncology market.
What to watch
Regulatory approval of the vaccine candidate remains uncertain, which could limit upside.
Background
Tempus provides genomic sequencing and data analytics for cancer treatment; Moderna and Merck are developing a personalized cancer vaccine (V940/mRNA‑4157) paired with KEYTRUDA.
Ticker impact
Tempus announced an expanded multi‑year collaboration with Moderna and Merck to support commercialization of a cancer vaccine candidate.
likely upward pressure as the market prices in expanded commercial services.
While financial terms are undisclosed, the addition of two major pharma partners signals growth potential for Tempus' NGS services.
Market effects
strengthens the oncology diagnostics and personalized medicine sector.
U.S. biotech market may see modest uplift.
Highlights continued collaboration between U.S. diagnostics firms and large pharma.
Counterpoint
Without disclosed financial terms, the deal may not materially affect Tempus' near‑term earnings.
Key entities
- CompanyTempus
U.S. biotech firm offering genomic sequencing services.
- CompanyModerna
Pharmaceutical company developing mRNA‑based therapies.
- CompanyMerck
Global pharma company co‑developing the cancer vaccine.

