Moderna

Shanghai planning US$13.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductors

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The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed … Read more

Moderna soars on analyst upgrade

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Moderna (NASDAQ: MRNA) saw its stock surge 13% after Oppenheimer & Co. (NYSE: OPY) analyst Hartaj Singh upgraded the stock to “outperform” and predicted five product approvals by 2026. This comes despite a dismal 2023 for the company, marked by declining COVID-19 vaccine sales and investor concerns about pipeline progress. Moderna Inc. is a pioneering … Read more

Moderna, Merck Drugs Combined Shown Effective Against Melanoma

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U.S. pharmaceutical companies Moderna and Merck say a clinical trial for an experimental Moderna mRNA vaccine used in combination with the Merck cancer therapy drug Keytruda reduced the chance of recurrence or death from melanoma by nearly 50%. In a release from Moderna on Thursday, the company said the trial included 157 patients with high-risk … Read more