Moderna says it has about $15 billion in cash, working on combined COVID/seasonal flu booster

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Moderna says it has about $15 billion in cash, working on combined COVID/seasonal flu booster
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Moderna Inc. undefined said Thursday it had a cash position of about $15 billion as of Aug. 31. The company made the disclosure as it offered an update on...

Moderna Inc.

said Thursday it had a cash position of about $15 billion as of Aug. 31. The company made the disclosure as it offered an update on its line of product candidates based on mRNA technology, that includes a vaccine against COVID-19, the first Moderna product to win authorization from the U.S. Food and Drug Administration. In a statement released ahead of an R&D day, the company highlighted a new product candidate that would combine a COVID-19 booster with a seasonal flu booster vaccine.

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