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Wipro Founder Invests In US Firm Moderna
By: Tupaki Desk | 21 May 2020 5:07 AM GMT
According to the company sources, Wipro founder-chairman Azim Premji has invested in the US-based biotech company, Moderna that has emerged a front-runner to make a vaccine to curb the novel coronavirus.
It is said that the investment was in the range of 25-30 million dollars and was done a few years ago.
"With today's positive interim Phase 1 data and the positive data in the mouse challenge model, the Moderna team continue to focus on moving as fast as safely possible to start our pivotal Phase 3 study in July and, if successful, file a BLA.," Stephane Bancel, Chief Executive Officer at Moderna said in a statement.
As of now, several corporate giants are investing in finding the vaccine for the virus. Well, the promising results of Moderna gave hope to people across the globe.
It is said that the investment was in the range of 25-30 million dollars and was done a few years ago.
"With today's positive interim Phase 1 data and the positive data in the mouse challenge model, the Moderna team continue to focus on moving as fast as safely possible to start our pivotal Phase 3 study in July and, if successful, file a BLA.," Stephane Bancel, Chief Executive Officer at Moderna said in a statement.
As of now, several corporate giants are investing in finding the vaccine for the virus. Well, the promising results of Moderna gave hope to people across the globe.
