MODERNA was one of three manufacturers to make a vaccine for Covid-19.
Moderna, along with Pfizer, and Johnson & Johnson have all made different variations of the Covid-19 vaccine to help slow the spread and stop the pandemic.
What is Moderna's net worth?
The Covid-19 vaccine has caused Moderna's net worth to skyrocket since its launch.
As of August 4, 2021, Macro Trends estimates the company's net worth to be $168.26 billion.
Their current net worth is an increase of over $163 billion since August of 2019.
What is Moderna?
Moderna is an American pharmaceutical and biotechnology company based in Cambridge, Massachusetts.
The company focuses on on vaccine technologies based on messenger RNA.
It has been reported that Moderna has multiple vaccines in the clinical stage, including ones for Cytomegalovirus Infectious Disease, Solid tumors, and lymphoma.
They are however most famously known for their creation of the Covid-19 vaccine.
The company was founded in September 2010 and had since been run by French billionaire businessman CEO Stéphane Bancel.
Does the Moderna vaccine require a booster shot?
It was reported on August 5, 2021, that the Moderna vaccine will most likley need a booster dose to protect against future mutations of the virus.
“I am proud of the progress our teams at Moderna have made in the past quarter in advancing our development pipeline while addressing a global pandemic and quickly establishing global manufacturing and commercial organizations,” Bancel said in a statement.
“We have begun preparing late stage studies for our flu vaccine and RSV vaccine, which received fast track designation from the FDA a few days ago and are looking forward towards our vision of a single dose annual booster that provides protection against COVID-19, flu and RSV for adults."
"We believe this is just the beginning,” Bancel continued.
It is estimated that some people who got the vaccine early on could have a booster shot available "as soon as September," but there has yet to be an official announcement on when people can start receiving one.
Who is Stéphane Bancel?
Bancel, 49, is known as the chief executive officer of Moderna.
Along with being the CEO, Bancel also owns 9% of the company.
Before becoming the CEO of Moderna, Bancel was the CEO of the French diagnostics company BioMérieux.
The self-made billionaire has an estimated net worth of $12.4 billion according to Forbes.
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