The FDA Is Set To Approve Moderna’s Covid Vaccine—Yet The Three Billionaires Behind The Company Are Nearly $2 Billion Poorer

📆 2020-12-18 9:43 PM
📰 Forbes

⏱ Reading Time:
6 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The FDA is set to approve Moderna’s Covid vaccine—yet the 3 billionaires behind the company are nearly $2 billion poorer

Good news in Moderna’s quest for a Covid-19 vaccine is not translating to good fortune for the three billionaires behind the Massachusetts-based biotech company. Moderna’s vaccine wasby a Food and Drug Administration panel on Thursday, and will likely be approved for emergency use by the FDA later today — making it the second FDA-approved vaccine for the virus that has caused a global pandemic. That should lead to billions in revenues in 2021. Yet Moderna shares have been falling.

The decline in Moderna’s share price has shaved a collective $1.7 billion off of the net worths of Moderna CEO

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Awwww poor BILLIONAIRES

18/12/2020 | VIGÍLIA GLOBAL - OS PROFETAS ANTIGOS DO SENHOR | PowerfulGlobalVigil

thanks for this news

18/12/2020 | VIGÍLIA GLOBAL - OS PROFETAS ANTIGOS DO SENHOR | PowerfulGlobalVigil

Canada Canada Latest News, Canada Canada Headlines