Moderna Therapeutics LLC continues to confound biopharmaceutical industry observers by staying private, yet raising extremely large amounts of money from investors who want whatever it is that the messenger RNA (mRNA) therapeutics developer is selling, including a new $500m equity round.
Finance Watch: Another Mega-Round As Moderna Bucks Biopharma's IPO Trend
Moderna raised $500m to fund its growing pipeline, choosing once again to stay private rather than pursue an IPO. Also, AvroBio closed a $60m Series B round to advance its gene therapies for lysosomal storage disorders, Seattle Genetics led recent public company financings, and Vical is restructuring.
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The four-year-old firm said it plans to advance programs toward the clinic from the funding round, which comes just over a year after signing two major pharma partnerships.
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