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Moderna's next big funding round: $500 million

Moderna Therapeutics has raised another $500 million, which values the biotechnology startup at about $7.5 billion, PitchBook first reported. The cash comes from existing investors as well as a "global syndicate that stretches from the Middle East to Europe and on to China," EndPoints reports.

Why it matters: Moderna's next step likely is going public, which would make it the most valuable biotech public offering ever.

Go deeper: STAT profiled Moderna, which is using technology to modify human cells to fight off an array of diseases.