As of November 8th, 2023, U.S. mRNA specialist Moderna had a market capitalization of around 27 billion U.S. dollars. That was almost exactly only half of the market capitalization achieved eight months earlier.
The use of mRNA as a drug takes a fundamentally different approach to treating diseases than other drug classes. mRNA is the instruction that cells in the human body use to make proteins and send them to various locations in the body. mRNA drugs make use of normal biological processes to create proteins and achieve the desired therapeutic effect. This enables the potential treatment of a wide variety of diseases, many of which cannot be treated with current technologies.
Market capitalization of leading mRNA biotech companies as of March and November 2023
(in billion U.S.dollars)
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CompaniesMarketCap.com. (November 8, 2023). Market capitalization of leading mRNA biotech companies as of March and November 2023 (in billion U.S.dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1274656/top-mrna-companies-market-cap/
CompaniesMarketCap.com. "Market capitalization of leading mRNA biotech companies as of March and November 2023 (in billion U.S.dollars)." Chart. November 8, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1274656/top-mrna-companies-market-cap/
CompaniesMarketCap.com. (2023). Market capitalization of leading mRNA biotech companies as of March and November 2023 (in billion U.S.dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1274656/top-mrna-companies-market-cap/
CompaniesMarketCap.com. "Market Capitalization of Leading Mrna Biotech Companies as of March and November 2023 (in Billion U.S.Dollars)." Statista, Statista Inc., 8 Nov 2023, https://www.statista.com/statistics/1274656/top-mrna-companies-market-cap/
CompaniesMarketCap.com, Market capitalization of leading mRNA biotech companies as of March and November 2023 (in billion U.S.dollars) Statista, https://www.statista.com/statistics/1274656/top-mrna-companies-market-cap/ (last visited November 22, 2024)
Market capitalization of leading mRNA biotech companies as of March and November 2023 (in billion U.S.dollars) [Graph], CompaniesMarketCap.com, November 8, 2023. [Online]. Available: https://www.statista.com/statistics/1274656/top-mrna-companies-market-cap/
