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Stock impact report

Moderna Seeks $500 Million In IPO [Seeking Alpha]

Telesis Bio, Inc. (TBIO) 
Company Research Source: Seeking Alpha
Summary Quick Take Moderna ( MRNA ) intends to raise gross proceeds of $500 million from a U.S. IPO, according to an S-1 registration statement . The firm is developing mRNA-based technologies and treatments for a wide range of diseases. MRNA is seeking to go public at a challenging time for biopharma firms due to stock market volatility. When we learn more about the IPO, I’ll provide an update. Company & Technology Cambridge, Massachusetts-based Moderna was founded in 2010 to discover and develop mRNA-based therapeutics and vaccines across a broad array of human diseases. Management is headed by Founding CEO and Director Stéphane Bancel , who has been with the firm since 2011 was previously CEO at bioMérieux. mRNA transfers the instructions stored in DNA to make the proteins required in every living cell. Every cell in the human body leverages mRNA in the existing natural processes to produce a huge variety of proteins, including secreted, Show less Read more
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