Moderna to fund coronavirus vaccine with $1.3 billion stock sale

Posted by on May 19, 2020 7:35 am
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Categories: US National Stories

Moderna is selling $1.3 billion in stock to help fund its promising new coronavirus vaccine. The biotech firm announced plans to sell 17.6 million shares priced at $76 apiece in a public offering that’s expected to close around Thursday. Net proceeds from the offering will cover costs related to the manufacturing of Moderna’s COVID-19 vaccine…