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Stéphane Bancel

Stéphane Bancel is the president and founding chief executive officer of the American biotechnology company Moderna; he was previously chief executive of the French diagnostics company bioMérieux.

Contents16 sections
Key facts

Birth

Bancel was born in 1972 and grew up in Marseille, France; his father was an engineer and his mother a doctor.⁠[1]

Graduation from the University of Minnesota

Bancel studied chemical and biomolecular engineering at École Centrale Paris, earning a Master of Engineering, and then continued his studies at the University of Minnesota.⁠[1][2]

The University of Minnesota alumni page lists him as a 1995 chemical engineering graduate of the College of Science and Engineering; Moderna’s investor relations page states that he holds a Master of Science in chemical engineering from the university.⁠[3][2]

Early Career at bioMérieux

Bancel’s first job was at the French diagnostics company bioMérieux, where he served as Asia-Pacific sales and marketing director; bioMérieux sponsored his MBA at Harvard Business School.⁠[1][2]

Eli Lilly

From July 2000 to March 2006 Bancel worked at the American pharmaceutical company Eli Lilly and CompanyEli Lilly and CompanyEli Lilly and Company (NYSE: LLY) is a U.S. pharmaceutical company founded in 1876 by Colonel Eli Lilly and headquartered in Indianapolis, Indiana.Open the full entry, in positions including Managing Director, Belgium, and Executive Director, Global Manufacturing Strategy and Supply Chain.⁠[2]

Chief Executive of bioMérieux

At 34 Bancel returned to bioMérieux as chief executive officer, a post he held for five years.⁠[1][2]

Joining Moderna

Bancel joined Moderna’s board in March 2011 and became chief executive officer that October; Flagship Pioneering describes him as president and founding CEO of the Flagship company. At the time Moderna was a loss-making start-up focused on messenger RNA (mRNA).⁠[2][4][1]

2013 Onward: Flagship Pioneering

Bancel joined the venture creation firm Flagship Pioneering in 2013 as a Special Partner, advising its portfolio companies; Moderna’s investor relations page describes him as a Venture Partner at Flagship Pioneering.⁠[4][2]

Moderna Goes Public

Moderna went public in 2018; before the listing Bancel was known for his fundraising and was described as a “master fundraiser.”⁠[1]

COVID-19 Vaccine

Over the 2019 Christmas break, before the new coronavirus had a name, Bancel was tracking the outbreak in China. Moderna then became the first company in the United States to begin trials of an mRNA vaccine.⁠[1]

On December 18, 2020, the U.S. Food and Drug Administration issued an emergency use authorization for the Moderna COVID-19 Vaccine for individuals 18 years of age and older, the second COVID-19 vaccine authorized in the United States.⁠[5]

As of April 2021 Moderna’s shares had risen more than 500% since mid-March 2020, and the company was charging $33 to $37 per dose of its vaccine.⁠[1]

Honors

University of Minnesota Commencement Address

Bancel was the University of Minnesota’s 2023 commencement speaker, describing himself as “a kid from Marseille, France”; the university’s page quotes him: “If you surround yourself with mission-minded people, you will do great things.”⁠[3]

Phase 3 Results in Melanoma

In August 2026 Merck & Co.Merck & Co.Merck & Co., Inc. is a global health care company headquartered in Rahway, New Jersey, that develops medicines and vaccines and is called MSD outside the United States and Canada.Open the full entry and Moderna announced positive topline results from the Phase 3 INTerpath-001 trial: the individualized mRNA neoantigen therapy intismeran autogene (V940/mRNA-4157) combined with pembrolizumab met the primary endpoint of recurrence-free survival and the key secondary endpoint of distant metastasis-free survival at a prespecified interim analysis, compared with pembrolizumab alone. The trial enrolled 1,137 patients with completely resected stage IIB–IV cutaneous melanoma; overall survival continues to be evaluated.⁠[6]

Conversation on a16z

The conversation centered on the Phase 3 results of Moderna and Merck & Co.’s individualized melanoma treatment. Bancel explained how it works: sequencing a patient’s tumor and healthy cells, identifying the most relevant mutations and encoding up to 34 of them in a patient-specific mRNA to teach the immune system what to attack. They also discussed the manufacturing challenge of making a different medicine for each patient, including how Moderna reduced the process to about 42 days from biopsy to treatment, what scaling would require and the regulatory questions involved.⁠[8][7]

Bancel also discussed potential applications in lung, kidney, bladder, pancreatic and gastric cancers, and Moderna’s longer-term work applying mRNA to rare genetic and autoimmune diseases.⁠[8]

Other Positions

Related Organizations, Websites, and Public Accounts

Flagship Pioneering: Official website: https://www.flagshippioneering.com/ (opens in a new window).⁠[4]

Sources

  1. Moderna’s Stéphane Bancel: the maths nerd who struck vaccine gold (opens in a new window)
  2. Stéphane Bancel (opens in a new window)
  3. Stéphane Bancel 1995 (opens in a new window)
  4. Stéphane Bancel (opens in a new window)
  5. FDA Takes Additional Action in Fight Against COVID-19 By Issuing Emergency Use Authorization for Second COVID-19 Vaccine (opens in a new window)
  6. INTerpath-001 Trial of mRNA-Based Individualized Neoantigen Therapy Meets Primary and Key Secondary Endpoints in Patients With High-Risk Resected Melanoma (opens in a new window)
  7. Inside Moderna’s Biggest mRNA Test Since COVID (opens in a new window)
  8. Inside Moderna’s Personalized Cancer Vaccine (opens in a new window)