ModeRNA Therapeutics Receives $450,000,000 New Financing Round

  • Feed Type
  • Date
    1/6/2015
  • Company Name
    ModeRNA Therapeutics
  • Mailing Address
    320 Bent Street Cambridge, MA 02141 USA
  • Company Description
    At Moderna, we are pioneering the development of a new class of drugs made of messenger RNA (mRNA). This novel drug platform builds on the discovery that modified mRNA can direct the body’s cellular machinery to produce nearly any protein of interest, from native proteins to antibodies and other entirely novel protein constructs that can have therapeutic activity inside and outside of cells.
  • Website
    http://www.modernatx.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $450,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This funding round, Moderna’s largest to date, will be used to further accelerate drug discovery and development across a series of drug modalities and therapeutic areas, each powered by Moderna’s proprietary approach for utilizing modified mRNA to instruct native cellular machinery to make therapeutic proteins in vivo. To continue to drive these programs forward, Moderna plans immediate growth and expansion, including the addition of more than 100 industry leaders, drug development experts and scientists to its current team of 145 employees during the coming months.
  • M&A Terms
  • Venture Investor
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