Moderna to expand in China with potential $1 billion investment its first foray into the nation

Insiders revealed that US pharmaceutical and biotechnology company Moderna may announce plans to invest in China as early as this Wednesday in Shanghai. Several projects are expected to start in China, drawing a collective $1 billion in investment. This will be Moderna’s first venture in China, and one of the most substantial recent foreign investments in Shanghai. Moderna’s CEO, Stéphane Bancel, is in Shanghai in preparation for an imminent signing ceremony. [YiCai, in Chinese]