Moderna raises $450m; most ever for private biotech

Moderna Therapeutics raised $450m in what appears to be the largest-ever private equity event for a non-public biotechnology company, which will use the venture capital to develop therapies that deliver messenger RNA (mRNA) designed to produce proteins in the body.

Moderna Therapeutics raised $450m in what appears to be the largest-ever private equity event for a non-public biotechnology company, which will use the venture capital to develop therapies that deliver messenger RNA (mRNA) designed to produce proteins in the body.

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Alimentary/Metabolic

More from Therapy Areas

GSK Chief Optimistic About BD Despite Volatile Environment

 
• By 

Emma Walmsley tells Scrip that the "biotech market is under a certain degree of pressure," so reasonably priced deals are available.

In Brief: AbbVie’s Rinvoq Secures US Approval For Giant Cell Arteritis

 

JAK inhibitor gains ninth indication in US after a strong performance in the first quarter.

CSPC’s Global-First Monospecific ADC Promising In Advanced NSCLC

 
• By 

CSPC’s SYS6010, the first monospecific EGFR-targeting antibody-drug conjugate in the clinic for advanced NSCLC, has shown Phase I promise, but could face close competition with another China-originated bispecific.