AstraZeneca will pay up to $420M for Moderna's mRNA technology

Moderna Therapeutics granted AstraZeneca five-year exclusive rights to use its messenger RNA technology to develop and market treatments for cancer and other serious diseases. Moderna will receive $240 million upfront and as much as $180 million in milestone fees plus sales royalties. The deal's initial payment is one of the biggest ever in a pharmaceutical licensing agreement that doesn't involve a clinical-stage drug.

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