Moderna to raise US$604m in upsized IPO, braving market jitters
09 Décembre, 2018, 20:57 | Auteur: Auguste Feret
Just last week in its S-1/A amended registration statement, Moderna predicted it would sell 21,739,131 shares, even as it registered an even 25 million shares-a figure that included 3,260,869 shares that the IPO's underwriters had an option to purchase.
Hilary Duff hints at Lizzie McGuire revival
I don't want to get everyone wild talking about it", she clarified, adding that she is still " excited " at the possibility. I think that she was so important to girls at a very important time in their lives.
Cambridge, Massachusetts-based Moderna, one of the most highly valued startups in health care, is trying to develop a new kind of drug and vaccine using the body's own cellular machinery to protect against or even fight off disease.
The company is focused on discovery and development of messenger RNA, or mRNA, therapeutics and vaccines created to direct the body's cells to produce intracellular or secreted proteins with a therapeutic or preventive benefit. According to Moderna, its "approach is to use mRNA medicines to instruct a patient's own cells to produce proteins that could prevent, treat, or cure disease". As of September 30, it had raised $1.8 billion in equity and $800 million through partnerships with companies like AstraZeneca, Merck & Co., Vertex, Alexion and others, according to the S-1 filing.
Morgan Stanley & Co LLC, Goldman Sachs & Co LLC and J.P. Morgan Securities LLC are among the lead underwriting banks for Moderna's IPO. The company is years away from actual product sales, but Moderna now depends on revenue from grants and its collaborations with other companies, which totaled just over $200 million.
The company was founded in 2009 and now has 21 drug and vaccine research programs, including 10 being tested in humans. Also in Phase I development are a mRNA-4157, a PCV-targeting cancer vaccine for solid tumors partnered with Merck & Co., and an OX40L-targeting drug, mRNA-2416, for which Moderna retains global rights for development in solid tumors and lymphoma. The company as a whole is valued at around $7.5 billion as a result.
More IPOs of big, unlisted technology companies are expected.
Harris' willingness to support a new election could be an indication of the seriousness of the investigation. The board could order a new election after meeting later this month to consider the evidence.
Si la qualité du son Bose ne se discute pas, le système proposé dans les Frames (c'est le nom du gadget) fait encore mieux. Les Frames sont disponibles en deux versions: une version avec la forme carrée et une version avec la forme arrondie.
Pressed by Sorkin to offer at least a ballpark figure as to how much the Uber-driven investment is worth now, Armstrong hedges. The American was stripped of his seven Tour de France titles and banned from cycling for life in 2012 for doping.
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He was booked into the Johnson County Law Enforcement Center. "I got really verbal with them over it", she added. Police in Texas say they arrested a 31-year-old protester who told children that Santa Claus was not real.
Uma Thurman avec les "gilets jaunes"
L'actrice américaine Uma Thurman a publié sur son Instagram une photo d'elle posant devant les Gilets jaunes à Paris. Cette fois-ci, elle n'a toutefois pas mis sa fameuse combinaison jaune du film Kill Bill.