Moderna acquires option to license Generation Bio program
Shares of Generation Bio (Nasdaq: GBIO) shot up 29% to $5.00 by close of trading on Thursday, following the news that it has entered into. into a strategic collaboration to combine mRNA) therapeutics and vaccines specialist Moderna’s (Nasdaq: MRNA) biological and technical expertise with core technologies of Generation Bio's non-viral genetic medicine platform.
Moderna, fresh out of defending future pricing of its COVID-19 vaccine at $130 per dose before US lawmakers edged up 1%.
The collaboration aims to expand the application of each company's platform by developing novel nucleic acid therapeutics, including those capable of reaching immune cells, to accelerate their respective pipelines of non-viral genetic medicines.
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