5 Fastest Growing Biotech Companies in the US

1. Moderna, Inc. (NASDAQ: MRNA)

Headquarters: Cambridge, Massachusetts

No. of employees:  1,100

Revenue (2018): $135 million

Revenue (2019): $60 million

Topping our list of 15 fastest growing biotech companies in the US is Moderna, which is getting fame amid its successful COVID-19 vaccine. Founded in 2010, Moderna, Inc. is a biotechnology company that focuses on developing transformative drugs based on messenger ribonucleic acid (mRNA). Its drug development programs span cardiovascular diseases, immuno-oncology, infectious diseases, and rare diseases. It has an advanced pipeline of diverse programs among which 11 have joined clinical trials. Its clinical trials include mRNA-2416, mRNA-4157, mRNA-1893, and mRNA-1647 and among others.

Moderna’s COVID-19 vaccine, mRNA-1273, has shown an efficacy rate of 94.1% in the Pivotal Phase 3 Trial. On December 18, 2020, mRNA-1273 received emergency use authorization (EUA) from the U.S. FDA, making it the second authorized COVID-19 vaccine in the United States.

Baron Health Care Fund highlighted a few stocks in their Q4 2020 investor letter and Moderna Inc. (NASDAQ:MRNA) is one of them. Here is what Baron Health Care Fund said:

“Moderna, Inc. is a leader in the emerging field of mRNA-based vaccines and therapeutics. Shares pulled back from highs on likely profit taking, but we are looking past short-term fluctuations to focus on long-term potential. The pandemic has been a strong proof point of Moderna’s platform, with a COVID-19 vaccine coming to market in less than a year versus traditional vaccines that can take a decade. With this success under its belt, we think Moderna has potential to disrupt the entire biopharma space, from infectious disease vaccines to oncology and rare disease treatment.”

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