Moderna enters growth phase with new equity financing and BARDA grant for Zika mRNA vaccine

8 September 2016
2019_biotech_test_vial_discovery_big

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%.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Biotechnology