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Moderna
Moderna, Inc. is an American pharmaceutical and biotechnology company based in Cambridge, Massachusetts.
History
On January 12, 2016, Moderna announced that it had entered a funding agreement with the Bill & Melinda Gates Foundation to develop therapeutics against HIV and other diseases. The agreement included an initial $20 million grant, with the potential to increase the amount to $100 million.1) 2)
Organization
Ventures
In addition to its core business, Moderna spun out several venture firms to focus on different applications of their mRNA delivery technology.
- Onkaido Therapeutics was focused exclusively on the advancement of oncology products for previously “undruggable” targets.5)
Finances
Payments from Moderna
The following is a developing list of individuals and organizations that Moderna has given money to related to the COVID-19 pandemic:
Payments to Individuals
| Name | Type | Amount | Description |
|---|---|---|---|
| Soren Gantt | Various | - | Consulting fees prior to or during Gantt's participation in approving COVID-19 vaccines through the National Advisory Committee on Immunization (NACI), and research funding for study using Moderna's COVID-19 vaccine on babies.7) 8) |
Payments to Media
| Name | Type | Amount | Description |
|---|---|---|---|
| Jimmy Kimmel Live | Advertising | Unknown | Paid skit promoting Moderna's COVID-19 vaccine product.9) |
Stock Price
Moderna's stock rose 2000% due to its mRNA quasi-vaccine. It was reported in February 2022 that CEO Bancel sold off $400 million worth of stock.10)
