Gates Foundation makes $52 million investment in CureVac
The Bill & Melinda Gates Foundation has committed to invest $52 million in private biopharma company CureVac, the biggest equity investment the Foundation has ever made in a biotech company.
In addition to this investment, the company’s longstanding investor dievini Hopp BioTech announced a commitment of $24 million of additional equity.
CureVac specializes in mRNA-based vaccine technologies and, as part of the agreement, the Foundation will provide separate funding for projects to develop prophylactic vaccines based on CureVac’s proprietary messenger RNA (mRNA) platform.
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