Moderna has gone from your standard biotech to one of the hot stocks of 2020 over the past few months as the company has worked on a COVID-19 vaccine. Shares are up around 200% since the pandemic hit, and the company has made some moves that seem odd on first pass.

We use the company's dramatic rise and position as a clinical-stage business to explore insider selling, raising capital, and the business of biotechs.

Stocks: MRNA

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