Where Will Moderna Be in 5 Years?
Clinical-stage biotech Moderna (NASDAQ: MRNA) has been in the coronavirus spotlight in recent weeks because it's further along in the quest for a COVID-19 vaccine than any other company. There's no question that a commercial launch of vaccine to staunch the spread of the awful pandemic would be a boon to mankind and a boost to the company's shareholders, especially if Moderna ends up selling a billion doses of the stuff. The stock is up 222% so far this year, mainly due to the market handicapping the odds for this one product.
But what about the long term? It wouldn't be unreasonable to hope that five years from now, COVID-19 will be a distant, but painful memory. Where will Moderna be by that time, and should investors with a time horizon that long consider buying the stock now?
Moderna is no stranger to the bright glare of investor attention. When the company launched its initial public offering (IPO) in December 2018, it was the largest IPO of a clinical-stage biotech in history. And before going public, it had already attracted over $2.6 billion in private equity investments, had $1.2 billion in cash, and had already established partnerships with industry heavyweights like AstraZeneca, Merck, and Vertex Pharmaceuticals.
Source Fool.com