Drugmaker Merck divests investment in Moderna

(Reuters) – U.S. drugmaker Merck & Co said on Wednesday it had sold its equity investment in vaccine developer Moderna Inc.

Merck said it had achieved a substantial gain on its direct holding in Moderna, particularly this year, as the company moved closer to developing a coronavirus vaccine. https://bit.ly/3og5kil

(Reporting by Manas Mishra in Bengaluru; Editing by Anil D’Silva)

The post Drugmaker Merck divests investment in Moderna appeared first on Morningology.

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