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Investigation Details
On May 1, 2024, Metagenomi surprisingly announced the “Mutual termination of Moderna Collaboration.” Previously, on February 12, 2024, Metagenomi issued its initial public offering of 6.25 million shares in the Company at a price of $15.00 per share. The prospectus annexed to the IPO prominently featured the details and benefits of a Strategic Collaboration and License Agreement Metagenomi entered into with ModernaTX, Inc. in October 2021, which was “focused on advancing new genome editing system for in vivio human therapeutic applications.”
Following this news, Metagenomi’s stock price fell by $0.87 per share to close at $6.17 per share.
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