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Effective URL: https://www.fiercebiotech.com/biotech/bancel-says-hes-never-been-busy-amid-ma-talks-moderna-preps-life-after-covid?utm_source=...
Submission: On May 06 via api from US — Scanned from DE
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Advertisement Fierce Biotech Continues Here ▼ * Fierce Pharma * Fierce Biotech * Fierce Healthcare * Fierce Life Sciences Events * Research * Biotech * Clinical Data * Venture Capital * Deals * Medtech * Devices * Diagnostics * AI and Machine Learning * CRO * Special Reports * Trending Topics * Cell & Gene Therapy * COVID-19 * Emerging Biopharma * Decentralized Trials * Podcasts * Resources * Events * Webinars * Subscribe What are you searching for? Enclose phrases in quotes. Use a + to require a term in results and - to exclude terms. Example: +water -Europe Subscribe * Research * Biotech * Clinical Data * Venture Capital * Deals * Medtech * Devices * Diagnostics * AI and Machine Learning * CRO * Special Reports * Trending Topics * Cell & Gene Therapy * COVID-19 * Emerging Biopharma * Decentralized Trials * Podcasts * Resources * Events * Webinars * Subscribe * Fierce Pharma * Fierce Biotech * Fierce Healthcare * Fierce Life Sciences Events Biotech BANCEL HAS 'NEVER BEEN AS BUSY' AMID M&A TALKS AS MODERNA PREPS FOR LIFE AFTER COVID By Max BayerMay 4, 2022 03:19pm ModernaEarningsmergers and acquisitionsStéphane Bancel Moderna CEO Stéphane Bancel wouldn’t dive deep into the qualifications of a potential buy but said the company was looking worldwide and across therapeutic areas. (Bertrand Guay/AFP) Moderna is prepping for life after COVID, and CEO Stéphane Bancel says he's "never been as busy" as the company considers potential M&A opportunities. “We will not be shy to invest to expand the platform either through technology or through products,” Bancel said during the company's first-quarter earnings report Wednesday. “And that’s really where we are in terms of M&A.” Moderna has experienced rapid, maybe even unprecedented, growth of 2,000% for 2021 compared to 2020, opening up a whole new world of acquisition opportunities. Bancel wouldn’t dive deep into the qualifications of a potential buy but said the company was looking worldwide and across therapeutic areas. whitepaper UTILIZING AUGMENTED INTELLIGENCE TO DRIVE OPTIMAL DECISIONS THROUGHOUT THE SPECIALTY AND RARE DISEASE PRODUCT LIFECYCLE Sponsored by IPM.ai For the development and commercialization of life improving therapies for rare diseases, the typical approach falls short. Enter augmented intelligence, a concept that utilizes ML/AI and RWD to enhance, rather than replace human decision-making. LEARN MORE "In terms of M&A, I can tell you, our teams—I have never been as busy—they are looking at a lot of opportunities literally across the world," Bancel said. Last year, Moderna pledged to “expand our horizons” with M&A, flagging nucleic acid technologies, gene therapy, gene editing and mRNA as areas of interest. RELATED Does the world need more COVID-19 vaccines? These companies think there's still room for improvement Moderna well exceeded earnings projections on the back of the COVID vaccine Spikevax, according to the first-quarter report. But with the pandemic turning a corner to endemic, the company made sure to profile other areas of its business. The company now has a wide-open plan to consider where to go next outside the vaccine program. Executives highlighted the rare disease program as an area they hope to grow with similar fervor. Two phase 1 trials are currently ongoing in propionic acidemia (PA) and methylmalonic acidemia (MMA); the former has already achieved a fully enrolled first cohort and additional patients are being added. “Assuming this is positive, we will do more in rare genetic disease,” said Bancel. Moderna’s President Stephen Hoge said that the PA and MMA programs, should they be successful, will validate the technology that could then be used to rapidly expand the number of rare diseases Moderna targets. “But obviously if we have a very strong signal out of PA, we will be un-gating other programs that can benefit from the technology that will then be de-risked from the PA program,” he said. RELATED Moderna taps Carnegie Mellon for in-house AI training academy With that said, executives still touted the vaccine program, which currently remains the bedrock of Moderna's pipeline even outside of COVID, particularly the flu jab, mRNA-1010. The company expects to launch into a phase 3 immunogenicity study for that shot in the coming weeks before pursuing an accelerated approval nod with regulators (although the FDA was not explicitly mentioned). Fierce Event REGISTER NOW FOR EARLY-BIRD SAVINGS! October 18-20, 2022 Philadelphia, PA Register Moderna is also prepping a phase 3 efficacy trial “if needed”; however, the trial is less “if” and more "when," according to Hoge. In the event that regulators nix accelerated approval, the company will launch the efficacy trial to nab full approval, or that trial will act as a confirmatory study following accelerated approval. Biotechflu vaccineCOVID-19rare diseasesFood and Drug Administration (FDA)biotech deals Our Newsletter RELATED ARTICLES BD tightens up revenue guidance after completing Embecta diabetes spinoff May 5, 2022 11:24am BioCryst's voluntary pause turns FDA-hold as investigation reveals likely culprit behind safety signals May 5, 2022 11:11am Intellia puts pedal to the metal as 3 new candidates prepped for clinic May 5, 2022 11:00am BerGenBio shifts focus from COVID—to COVID in new business strategy update May 5, 2022 10:57am See more articles * Connect * The Team * Advertise * Join Us * Newsletters * Resources * RSS Feeds * Our Brands * Fierce Pharma * Fierce Biotech * Fierce Healthcare * Our Events * Life Sciences Events * ©2022 Questex LLC All rights reserved. * Terms of use * Privacy Policy ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~x