not too shabby.... a year ago running a fledgling big pharma company that could never get a drug approved by the FDA. A year later still running a big pharma company that has never gotten a drug approved by the FDA
emergency authorization kills well, errrrr, pays well
Moderna founders debut on Forbes’ list of 400 richest Americans
The success of Moderna’s COVID-19 vaccine has minted three new billionaires who had early stakes in the biotech startup, leading to their debut on this year’s Forbes list of the 400 richest people in the US.
Moderna co-founder and chairman Noubar Afeyan along with fellow co-founder and Massachusetts Institute of Technology professor Robert Langer both made the list, with estimated net worths of $3.7 billion and $3.5 billion, respectively.
Timothy Springer, a Harvard Medical School professor and early Moderna investor, also debuted on the list with a net worth of $4.4 billion, according to Forbes. The company has previously said it expects to make at least $19.2 billion in sales of its COVID-19 vaccine. Moderna’s successful development of the vaccine propelled it out of the world of biotech startup obscurity and landed huge gains for shareholders.The stock is up more than 189 percent since Jan. 1, and over 300 percent higher compared with a year ago.
Since its initial public offering at $22 per share in 2018, the company’s stock is up more than 1,200 percent. It was last seen trading at $297.50 a share. The company’s now valued at more than $120 billion, larger than General Electric. Its a massive market valuation for a firm whose revenue is made up of just one product.