UPDATE 1-Moderna, largest biotech to go public, fails to impress in market debut


Both the Dow Jones Industrial Average .DJI and the S&P 500 .SPX were down 1.5 percent, while the Nasdaq biotechnology index .NBI fell 2.6 percent. Moderna's shares opened at $22.00, 4.3 percent below their initial public offering price of $23.00 per share.



from Biotech News