One more hit to Moderna Therapeutics struck by its German competitor CureVac! The Tübingen-based company just announced the opening of its subsidiary in Boston – hometown of Moderna – and a research collaboration with the U.S. non-profit International AIDS Vaccine Initiative (IAVI) to develop a mRNA-based HIV treatment.
CureVac, today announced the official launch of its U.S. operations in Boston-Cambridge, MA to extend the company’s footprint into the world’s most vibrant biotechnology hub. The U.S. subsidiary will be headed by a former division manager at Novartis Vaccines, and will primarily focus on the business development of CureVac in the U.S. The U.S. presence will also help CureVac to attract a new round of financing to compete with the record $450M collected by Moderna last January.
CureVac’s technology utilizes natural, chemically unmodified mRNA as a data carrier to instruct the human body to produce its own proteins capable of fighting a wide range of diseases. To date, CureVac has validated its approach in numerous clinical trials, including an ongoing Phase IIb study in prostate cancer,