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The Boston Globe


New Cambridge biotech comes out of stealth mode

Yet another biotechnology company has opened for business in the backyard of the Massachusetts Institute of Technology.

Jump-started with $40 million in funding and support from heavyweights in the biotech and pharmaceutical fields, Moderna Therapeutics is aiming to create drugs that stimulate the production of proteins to treat cancer, genetic diseases, hemophilia, diabetes, and other conditions.

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