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0 -0.000498063087991164 -0.000553403431101399 -0.00221361372440512 -0.000664084117321553 5.53403431100769E-05 0.00196458218040946 0.00486995019369118
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Moderna IPO On Path To Be Largest Offering Of Venture-Backed Biotech [Investor's Business Daily]

Vertex Pharmaceuticals Incorporated (VRTX) 
Last vertex pharmaceuticals incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.vrtx.com
Related news Moderna Therapeutics ( MRNA ) is set to become the largest initial public offering of a venture capital-backed biotech company, setting IPO terms that could raise $521 million. X The company develops drugs for the treatment of infectious diseases, genetic disorders, cancer and cardiovascular diseases, by using messenger RNA technology to convey genetic information within cells. Moderna says its mission is to create "a new generation of transformative medicines for patients," according to the Moderna IPO prospectus . It has a pipeline of 21 development programs, of which 10 have entered clinical studies. The Moderna IPO plans to offer 21.7 million shares priced in the range of $22 to $24. That gives it a market valuation near $8 billion. At the high end of that range, Moderna would raise $521 million. The company has received about $1.6 billion in venture funding, including $125 million in May from the venture capital unit of Merck ( MRK ). In addition to Merck, Show less Read more
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