Banque Pictet’s Investment in Moderna Pays Off

Yesterday morning, as the market was in freefall, Moderna was one of the few stocks that rallied. Banque Pictet took a small position in the company in the 3rd quarter of 2019.

According to Investors Business Daily, the reason for this sharp rally was due Moderna partnering with the National Institutes of Health to develop a vaccine for coronavirus. Read more

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