July 23 (Reuters) - Robert Langer, co-founder and a key
figure behind Moderna's ( MRNA ) scientific success, will step
down from the vaccine maker's board on Aug. 5, the company said
on Tuesday.
WHY IT MATTERS
Langer played a crucial role in the development of Moderna's ( MRNA )
messenger RNA COVID vaccine, which is the biotech's only
commercial product.
Moderna ( MRNA ) said it expects to focus recruitment efforts on
individuals with scientific and innovation experience.
CONTEXT
Langer is one of the nine Institute Professors - the highest
honor awarded to a faculty member - at the Massachusetts
Institute of Technology. He was the chairman of the U.S. Food
and Drug Administration and is considered the most cited
academician in history.
He heads the Langer Laboratory that focuses on studying the
delivery and mechanism of drugs based on genetically engineered
proteins, DNA and RNA.
Additionally, Moderna ( MRNA ) said director Stephen Berenson, who
has been on the board since 2017, will also step down. David
Rubenstein, co-founder and co-chairman of the Carlyle Group ( CG )
, will replace him.
KEY QUOTES
"After many years of service as a co-founder and member of
Moderna's ( MRNA ) Board of Directors, I have decided that now is the
right time for me to step down," Langer said.
"As one of Moderna's ( MRNA ) co-founders, Bob (Robert) is one of the
visionaries responsible for making mRNA medicines a reality, and
his insights have enabled the company to positively impact
hundreds of millions of lives," Moderna's ( MRNA ) chairman and
co-founder Noubar Afeyan said.