On the hunt for the next Mod­er­na, in­vestors have pumped 'plat­form plays' with cash. Can any­thing slow the run­away train?

It didn’t take an ex­pert to see that mR­NA plat­forms could be huge.

Julie Sun­der­land part­nered with both Mod­er­na and BioN­Tech about a decade ago while she was run­ning pro­gram-re­lat­ed in­vest­ments for the Bill & Melin­da Gates Foun­da­tion — and even then the po­ten­tial for their plat­forms was ob­vi­ous de­spite some well-found­ed con­cerns about whether the next-gen tech would ever cross the fin­ish line.

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