Arbutus receives about $178M from Moderna settlement while Moderna builds mRNA pipeline
Arbutus Biopharma received about $178 million from Moderna, its share of a $950 million noncontingent settlement paid through licensee Genevant Sciences. Moderna reported $960 million operating expenses, including $651 million R&D, and a $782 million net loss, while holding about $6.9 billion in cash and investments before remitting the settlement in July 2026. Arbutus’s quarterly net income and low operating costs are highlighted alongside Moderna’s expanded late-stage mRNA pipeline and shifting institutional ownership.