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Beijing chose instead to promote its own pharmaceutical firms, first in rolling out a more traditional but less effective Covid vaccine, and later, in the pursuit of a homegrown mRNA, or messenger RNA, vaccine.
Source: https://www.nytimes.com/2023/03/22/business/china-mrna-covid-vaccine.html
Moderna’s ambitions in messenger RNA technology include therapies that do their editing work inside the patient.
We are very encouraged by last year's base business growth and continue to see strong demand for both CleanCap reagents and our messenger RNA GMP manufacturing services and mRNA constructs.