Trump’s FDA commissioner takes job at Moderna backer

Flagship and Moderna, that are headquartered close to one another in Cambridge, Mass., proceed to share ties. Flagship CEO Noubar Afeyan serves as chairman of Moderna; Stéphane Bancel, Moderna’s CEO, serves as a Flagship particular accomplice. Flagship additionally holds 20 million shares of Moderna inventory, that are at present valued at greater than $4 billion after the vaccine-maker’s inventory worth soared throughout the pandemic; it bought $1.4 billion value of Moderna shares earlier this yr, senior accomplice Christine Heenan confirmed. Moderna had by no means turned a revenue earlier than the pandemic.

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