Mod­er­na boosts uni­corn sta­tus with a whop­ping $500M raise and $7B val­u­a­tion

The biotech world’s biggest uni­corn just raised $500 mil­lion, bring­ing its to­tal haul to about $2.5 bil­lion from part­ner­ships and in­vestors while valu­ing the com­pa­ny at close to $7 bil­lion.

This year Mod­er­na will burn through about $450 mil­lion, the ex­ec­u­tive team tells me to­day. And with this new fi­nanc­ing, the com­pa­ny has three years of run­way — plen­ty of time to fig­ure out the right tim­ing for an even­tu­al IPO.

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