Stéphane Bancel (Photo by Steven Ferdman/Getty Images)

Mod­er­na’s once high-fly­ing stock buck­les un­der the weight of a biotech rout. Is it cheap yet?

Last fall, with the world grap­pling — not all that well — with a glob­al pan­dem­ic, any­thing might have seemed pos­si­ble for the new­ly mint­ed bil­lion­aires run­ning …

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