Aviron's nasally-delivered influenza vaccine is effective at preventingthe flu in healthy young children, according to the results of a study supported by the US National Institute of Allergy and Infectious Diseases.
The live-attenuated vaccine provided 93% protection against influenza in this population; only 1% of 1,070 children who received the vaccine developed culture-confirmed influenza during last year's flu season versus 18% of 532 children the same age who received placebo.
Aviron's share price jumped by 28% to $17.125 on the day of the announcement (July 14), and climbed steadily thereafter to trade in the mid-$20s by the time the Marketletter went to press.
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