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The Messenger

Moderna, the Vaccine, and the Business Gamble That Changed the World

By: Peter Loftus

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eBook | 26 July 2022

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At the start of 2020, Moderna was still years away from delivering their first product. Then the coronavirus pandemic hit, and Moderna seized its moment. By year's end, as the outbreak was at its worst, Moderna delivered one of the world's first Covid-19 vaccines with a stunningly high rate of protection. The achievement not only offered the world a way out of a crippling pandemic, but also validated Moderna's gene-based technology, transforming the company into a global industry power, swelling its market value on its prospects for new drugs and vaccines for years to come. This is the inside story of a company that went all in on a single revolutionary idea; of quiet research with unknown consequence; of the evolution of cutting-edge American innovation, industry, and economy—decades in the making—that led to one of the great biotech gambles in history.