Moderna Buying Genomics K.K. For $85 Million (MRNA)

By Annie Baker ● Jan 5, 2023
  • Moderna (MRNA) announced it is buying OriCiro Genomics K.K. These are the details.

Moderna (MRNA) and OriCiro Genomics K.K., a pioneer in cell-free DNA synthesis and amplification technologies, announced they have entered into a definitive agreement through which Moderna will acquire OriCiro for $85 million.

KEY QUOTES:

“With this acquisition, we obtain best-in-class tools for cell-free synthesis and amplification of plasmid DNA, a key building block in mRNA manufacturing. OriCiro’s technology strategically complements our manufacturing expertise and further accelerates our research and development engine. We look forward to welcoming the OriCiro team to Moderna.”

  • Stephane Bancel, Chief Executive Officer of Moderna

“Moderna has demonstrated remarkable speed and ability to impact lives through their innovative platform and mRNA therapeutics. I am confident that our technology and talent will be a highly strategic fit with Moderna.”

  • Nasir Kato Bashiruddin, Chief Executive Officer of OriCiro

“We are thrilled to join forces with Moderna to realize the full power of OriCiro for the benefit of patients.”

  • Seiji Hirasaki, President and Co-founder of OriCiro.