Wednesday, Blackstone Inc. (BX) announced a new partnership with Moderna, Inc. (MRNA) through a development and commercialization funding agreement, funds managed by Blackstone Life Sciences will provide up to $750 million to support Moderna's influenza program.
If successful, Blackstone Life Sciences may receive milestones and royalties from the resulting flu products.
Moderna will consider the funding as a deduction in research and development costs and will maintain complete ownership and oversight of the Company's influenza initiative.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.