Health

Trump’s FDA commissioner takes job at Moderna backer

Flagship and Moderna, which are headquartered near each other in Cambridge, Mass., continue to share ties. Flagship CEO Noubar Afeyan serves as chairman of Moderna; Stéphane Bancel, Moderna’s CEO, serves as a Flagship special partner. Flagship also holds 20 million shares of Moderna stock, which are currently valued at more than $4 billion after the vaccine-maker’s stock price soared during the pandemic; it sold $1.4 billion worth of Moderna shares earlier this year, senior partner Christine Heenan confirmed. Moderna had never turned a profit before the pandemic.


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