What value on a life?27 Jul 2020 14:53
Give or take, this "donation" is twice Synairgens market Cap!! Anouncement an hour ago from Pharmaphorum. So what price Synairgen with a proven product?
"A US government agency is to give a further $472 million to biotech Moderna, after it announced plans to expand a phase 3 trial for its potential COVID-19 jab.
The latest funding from the Biomedical Advanced Research and Development Authority follows a tranche worth $483 million, awarded to kick-start development of Moderna’s mRNA-based vaccine codenamed mRNA-1273 in April.
Moderna has decided to expand the number of participants in a phase 3 trial after discussions with the FDA and with the Trump administration’s Operation Warp Speed.
The total number of patients involved in the phase 3 trial will be 30,000, and total funding awarded is around $955 million."