Designing drugs on a computer

Three glass vaccine vials labelled COVID-19 Vaccine Moderna.
Image credit - © LightRocket/Getty Images

What does it do?

Moderna is a biotech company developing treatments using messenger RNA (mRNA).

Why do we invest?

mRNA has transformational potential by pioneering a new class of medicines that leverage the body’s natural protein production apparatus to treat diseases.

Moderna has laid the foundations to scale drug development, an ambition that sets it apart from other biotech companies.

The company has a diverse pipeline looking for cures for the four ‘big killers’ – cardiovascular disease, cancer, infectious diseases and autoimmune diseases.

Who is key?

Chair Noubar Afeyan co-founded Moderna via Flagship Pioneering in 1999. Flagship Pioneering is revolutionising the entrepreneurial process in biotech by linking fundamental research with business expertise and investment.


Founded in: 2010

Invested in: 2020


Headquartered: U.S.

Important information

The company showcased on this page is part of a diversified portfolio. The commentary should not be taken as advice on an individual stock.

Investment trusts are UK public companies and are not authorised and regulated by the Financial Conduct Authority. You may not get back the amount invested and please bear in mind that past performance is not a guide to future performance.