AstraZeneca targets Moderna medicine with $140m investment

Aug 12, 2016 • Robert Lavine

The pharmaceutical company has boosted its stake in mRNA drug developer and strategic partner Moderna to 9%, lifting Moderna's overall funding to at least $790m.

Pharmaceutical firm AstraZeneca invested $140m in US-based RNA therapeutics developer and strategic partner Moderna Therapeutics on Wednesday, increasing its stake in the company to 9%.

Moderna is developing what it calls messenger RNA (mRNA) therapeutics, mRNA being responsible for carrying the genetic instructions transcribed from DNA that cells use as a guide to producing proteins that direct the body’s biological functions.

The result will hopefully be in vivo drugs that will produce antibodies, proteins and protein constructs inside cells in…

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