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As per the collaboration & license agreement between $MRK and Moderna Therapeutics, $MRK will make a cash payment of $200MM to Moderna, which will be used to lead all R&D efforts through proof of concept. This cash will also be used to fund part of the GMP manufacturing facility in Boston for manufacturing personalized cancer vaccine.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?