Pandemic windfall spending picks up pace with CytomX investment
One of the world’s leading specialists in mRNA therapeutics has partnered with California’s CytomX Therapeutics (Nasdaq: CTMX) to create novel cancer meds.
East Coast, USA-based Moderna (Nasdaq: MRNA) is best known for its role in tackling the coronavirus pandemic with the development of its Spikevax vaccine, helping save millions of lives while generating a windfall of tens of billions.
Matching that for its second approved product may be unrealistic, but the investment in CytomX and its Probody platform could be key in unlocking the potential of a new class of “conditionally activated” therapies in oncology.
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