Moderna enters growth phase with new equity financing and BARDA grant for Zika mRNA vaccine
US clinical-stage biotech firm Moderna Therapeutics, which is pioneering modified messenger RNA (mRNA) therapeutics to create a new generation of transformative medicines for patients, announced today that it has raised $474 million.
This latest equity financing includes strong support from existing institutional investors and world-class strategic pharmaceutical partners as well as participation of new institutional investors from the USA, Europe and Asia.
Last month, AstraZeneca (LSE: AZN) increased its equity interest Moderna Therapeutics with a $140 million investment as part of Moderna’s preferred-stock financing, bringing its stake in the company to 9%.
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