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Astrazeneca has sold its stake in Moderna for more than US$1 billion: The Times

AstraZeneca Plc has sold its stake in Moderna Inc for more than US$1 billion after the American biotechnology company's shares soared on the back of its coronavirus vaccine breakthrough, The Times reported.

The AstraZeneca office building in Brussels
FILE PHOTO: The AstraZeneca logo is pictured outside the AstraZeneca office building in Brussels as part of the coronavirus disease (COVID-19) vaccination campaign, Belgium, January 28, 2021. REUTERS/Johanna Geron

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REUTERS: AstraZeneca Plc has sold its stake in Moderna Inc for more than US$1 billion after the American biotechnology company's shares soared on the back of its coronavirus vaccine breakthrough, The Times reported.

The report added that it was not clear when and over what period AstraZeneca sold its full holding in Moderna.

(Reporting by Maria Ponnezhath in Bengaluru; editing by Jonathan Oatis)

Source: Reuters