The story of Moderna exemplifies the pitfalls of private vaccine investing: There’s a lot of expectation, a lot of risk, and not a huge amount of clarity about the payoff.
. A relatively young company focused on developing technology to use genetic material to cure or prevent disease, Moderna hasn’t yet brought any of its products to market.
Nevertheless, it is overseeing multiple trials for a potential vaccine and its chief executive,For its prescience and unique approach, the company has been hailed as one of the most promising among those working on a COVID-19 vaccine. The May announcement, though, was unorthodox. It came
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