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Titan V

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Titan V

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Wednesday, 06/28/2017 5:58:39 PM

Wednesday, June 28, 2017 5:58:39 PM

Post# of 251565
Top investor slashes Moderna’s valuation as company struggles to live up to its own hype
https://www.statnews.com/2017/06/28/moderna-writedown/

Biotech’s biggest unicorn just took a billion-dollar haircut.

One of Moderna Therapeutics’ largest investors slashed its assessment of the company’s value by 34 percent, a painful write-down that comes as the ambitious young biotech struggles to retain talent and make good on its lofty promises to upend the drug industry.
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