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Moderna Prepares For mRNA Drug R&D Blitz With $474m In New Equity

 
• By Mandy Jackson

Moderna Therapeutics LLC will go public someday, CEO Stephane Bancel says, but not until the company has human proof-of-concept data for multiple messenger RNA (mRNA) therapeutics – a milestone that Moderna expects to reach with its $474m in new equity financing.

DNA

Moderna Therapeutics LLC will go public someday, CEO Stephane Bancel says, but not until the company has human proof-of-concept data for multiple messenger RNA (mRNA) therapeutics – a milestone that Moderna expects to reach with its $474m in new equity financing.

The money will fund barely more than one additional year of research and development, since Moderna expects to spend $350m to $400m annually on R&D in anticipation that some of its mRNA therapeutics may fail, while others will reinforce the company's confidence in its technology. "We will go public," Bancel said in an interview with Scrip

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