Harvard prof rides 17,000% return in a single stock to become a billionaire (Fauci connection)

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Market Watch:

EDITOR’S NOTE: “In January 2020, Moderna announced development of a vaccine to inhibit  COVID-19 in competition with Gilead, Vaxart, Inovio, Novamax.   In March 2020, the Phase I human study of the vaccine candidate began in partnership with the US  NIAID.” <- ANTHONY FAUCI Wikipedia

Moderna MRNA, +6.45% went public in late 2018, bursting onto the Wall Street scene as the biggest biotech IPO in history. Timothy Springer, a Harvard medical-school professor, saw his stake in the company fatten his bottom line by a whopping $320 million by the end of the trading day.

After that, he really got rich.

Less than two years later, and the 72-year-old has ridden a 17,000% return in his Moderna shares — which he paid about $5 million for in the company’s early stages — into the billionaire club, according to the latest figures from the Bloomberg Billionaires Index.

The Cambridge, Mass., biotech has jumped 162% this year, as of Wednesday’s close, surging on hopes for its mRNA-1273 coronavirus vaccine, one of the first to begin human trials.

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