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AZN Astrazeneca Plc

11,994.00
112.00 (0.94%)
14 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Astrazeneca Plc LSE:AZN London Ordinary Share GB0009895292 ORD SHS $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  112.00 0.94% 11,994.00 11,994.00 12,000.00 12,018.00 11,854.00 11,860.00 2,284,602 16:29:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 54.07B 7.04B 4.5370 26.44 184.24B

AstraZeneca Increases Stake in U.S. Biotech Firm Moderna Therapeutics

10/08/2016 3:55pm

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LONDON--AstraZeneca PLC (AZN.LN) on Wednesday said it has increased its equity interest in U.S.-based biotechnology company Moderna Therapeutics with a $140 million investment.

The U.K.-listed pharmaceutical company now owns a 9% stake in Moderna after the transaction, which was made as part of Moderna's preferred-stock financing.

AstraZeneca previously acquired an equity stake in Moderna after a collaboration agreement, announced in March 2013, to develop medicines for cardiovascular, metabolic and renal diseases, as well as oncology. The companies also entered into a further collaboration agreement in January 2016 to develop and commercialize cancer medicines.

Shares of AstraZeneca at 1352 GMT were trading 0.6% lower at 5,147 pence.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

(END) Dow Jones Newswires

August 10, 2016 10:40 ET (14:40 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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