Moderna raises $450m; most ever for private biotech

Moderna Therapeutics raised $450m in what appears to be the largest-ever private equity event for a non-public biotechnology company, which will use the venture capital to develop therapies that deliver messenger RNA (mRNA) designed to produce proteins in the body.

Moderna Therapeutics raised $450m in what appears to be the largest-ever private equity event for a non-public biotechnology company, which will use the venture capital to develop therapies that deliver messenger RNA (mRNA) designed to produce proteins in the body.

The Cambridge, Massachusetts-based company's financial achievement is astounding on two levels. First, Moderna has raised $950m since its inception in...

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