Friday, 22 October 2021

Sanofi to invest 80mn euros in BioNTech


FRANKFURT: French drugmaker Sanofi will invest 80 million euros ($90.9 million) in BioNTech and expand its collaboration with the German biotech group, BioNTech said on Friday.

BioNTech, which first agreed a collaboration with Sanofi in 2015 in the area of cancer immunotherapy, did not specify the stake Sanofi would hold as a result of the investment.

BioNTech said the companies had signed a deal to jointly develop the first cancer immunotherapy which has reached the stage of clinical trial and is to be tested on a number of solid tumour types.

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