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Tuesday, dec 17
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Tuesday, dec 17
Tag:
Biotechnology
Business
Covid-
19: Moderna Will Double Size Of Vaccine Manufacturing Space
With the goal of producing billions of COVID-19 vaccine doses by the end of 2022, Moderna announced that it will be expanding its production facility, located in New England. The biotechnology company, which is currently one of three companies that have been granted emergency use authorization to produce COVID-19 vaccines in the United States (along with Pfizer and Johnson & Johnson), announced that it will be doubling the size of the Moderna Technology Center in Norwood, Massachusetts. According to the company, the expansion includes an increase of the company’s production and lab spac…
News
Former CFO Of Area Biotech Company Admits Embezzling $1 Million
The former CFO of a Connecticut biotech company has admitted to embezzling more than a million dollars from his employer, which receives federal research grants. New Haven resident Thomas Malone, who was the CFO of Artificial Cell Technologies Inc. (ACT), has pleaded guilty to four counts of theft from a program involving federal funds. He has also agreed to pay $1,031,508.07 in restitution. Artificial Cell Technologies is a small biotech company that is currently working on developing better ways to deliver malaria and Respiratory Syncytial Virus vaccines to those in need. In addition to …