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Moderna announced that its Chief Legal Officer is retiring and shared details about her departure agreement.

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The agreement gives Moderna time to transfer her duties, but sets $1.63 million in severance and possible lawsuit-related payments. It does not describe a clear change to Moderna’s business outlook.

MRNA · Moderna, Inc.

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The agreement lets Moderna use her help with the handoff before she leaves. It also provides severance and possible payments tied to lawsuit results. Those costs and the handoff do not show a clear change to Moderna’s products, sales, or operations.

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