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Noubar Afeyan

Founder & CEO, Flagship Pioneering

Search every verified Noubar Afeyan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Noubar Afeyan, chairman of Moderna and founder and CEO of Flagship Pioneering, discussed the company's late-stage trial results for a melanoma vaccine in an August 2026 interview. He described the data as a milestone and compared the moment to the earlier development of a COVID-19 vaccine, calling it a "déjà vu moment." Afeyan said the phase two results, followed for five years, indicated a 45 to 50 percent improvement in risk-free survival and metastasis-free survival when combined with Merck's Keytruda, which he described as an improvement over the current gold standard. He also noted that the COVID-19 pandemic contributed to greater understanding of the immune system, which he said is informing more potent immunotherapies, and he credited artificial intelligence with helping convert data into better-informed decisions. In a July 2026 interview, Afeyan reflected on the origins of Flagship Pioneering, which he said was founded on the idea of creating multiple companies simultaneously, an approach he contrasted with the traditional model of serial entrepreneurship. He stated that the entity, initially called NewcoGen, later became Flagship Ventures and then Flagship Pioneering, and that it has helped launch more than 100 companies, with 30 now publicly traded. Afeyan said Moderna was not conceived as a single company but as one of many potential outcomes, and that "experiments in reality and execution" determined which ideas survived. He also remarked that transformative breakthroughs often come from "unreasonable beginnings" and that focusing only on reasonable ones is unlikely to yield major discoveries.

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“We are in the business officially at Flagship at scale to take uncertainty and convert it into risk. So, short-term economic uncertainty effectively kind of affects our cost of capital. And so, if it's more expensive for us to access capital to be able to pursue these things, we're going to be able to do less of them.”

“We're competing with China in certain sectors, particularly in biotechnology and we definitely are feeling the effects of that because they have a centrally planned economy that's focusing on some areas of relative advantage for them, particularly new drugs that can be developed very efficiently there and the US biotech industry is feeling that.”

“I think that the policies that we use in terms of funding basic research that leads to some of the major breakthroughs... There is a real battle going on as to whether that research is worth it and whether we should just get out of the business of funding scientific research by and large and that's really scary in my view.”

“So we are in the business officially at flagship at scale to take uncertainty and convert it into risk. So short-term economic uncertainty effectively kind of affects our cost of capital. And so if it's more expensive for us to access capital to be able to pursue these things, we're going to be able to do less of them. If we get more efficient with AI, we can do more with less.”

“We're competing with China in certain sectors, particularly in biotechnology, and we definitely are uh feeling the effects of that because they have a centrally planned economy that's focusing on some areas of relative advantage for them, particularly new drugs that can be developed very efficiently there and the US biotech industry is feeling that. These are things that are essentially not possible in the US. We're ”

“I'd say first and foremost our immigration policy has been a huge part of that in the sense that we've attracted the best and brightest from the world and we've been able to um incent them but to stay here and to contribute and that's been a very big driver. I think that the the policies that we use in terms of funding basic research that leads to some of the major breakthroughs... There is a real battle going on as ”

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