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Finance Watch: Moderna Capitalizes On COVID-19 Vaccine Data Value Boost

 
• By Mandy Jackson

Public Company Edition: Moderna leveraged its all-time high stock price to raise $1.34bn on the same day it reported data from a Phase I trial of its COVID-19 vaccine. Several other companies also took advantage of biopharma’s rising value.

Finance Watch

All eyes are on the biopharmaceutical industry as the world waits for an end to the COVID-19 pandemic, hopefully through a vaccine against the novel coronavirus. Investors are putting their money behind drug developers with any amount of potential to thwart COVID-19 – including Moderna Inc. with its recent $1.34bn stock offering – which is contributing to soaring biopharma values despite the toll that the coronavirus is taking on the global economy. 

That’s why Moderna’s stock rose to its highest value to date, closing the day at $80 per share on 18...

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BIO Notebook: MFN Pricing, Next-Gen Obesity R&D, FDA’s Rare Disease Hub & Reaction To Review Program

 
• By Sarah Karlin-Smith, Mandy Jackson, and Alaric DeArment

Highlights from Day 3 of the BIO International Convention include the realities of MFN pricing, AstraZeneca's R&D plans for obesity, the need for resources for FDA's rare disease hub and reactions to the Commissioner's National Priority Review Voucher program.

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Government policy ramifications and tight financial markets mean it’s time to prepare strategically for a better business development environment, EY suggests.

Draig Is All Fired Up To Transform Neuropsychiatric Field

 
• By Kevin Grogan

Wales-based group launches with $140m series A.

BIO Notebook: Policy Problems, ACIP’s Future, BI Is Popular, Makary On FDA-Industry Ties

 
• By Sarah Karlin-Smith and Mandy Jackson

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• By Kevin Grogan

Wales-based group launches with $140m series A.

BIO Notebook: Policy Problems, ACIP’s Future, BI Is Popular, Makary On FDA-Industry Ties

 
• By Sarah Karlin-Smith and Mandy Jackson

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Lilly Agrees To Acquire PCSK9 Base-Editing Partner Verve

 
• By Joseph Haas

Instead of opting in on Phase II-ready PCSK9-targeted VERVE-102, Lilly will buy its partner for up to $1.3bn. Analysts call the deal a bargain for Lilly, but fair to Verve.