Moderna plans a $2B convertible note offering; AstraZeneca-Amgen's Tezspire and Biokin's ADC post Phase 3 wins; Takeda exits China gene therapy deal; Gates Foundation backs ProFound on preeclampsia.

The biotech company will sell notes due 2032, with an option to raise an additional $300 million, days after its stock hit a multi-year high

Moderna announces a $2 billion convertible senior note offering to fund its oncology business growth and strategically manage debt.