Sunday, 16 January 2022

Tag Archives: biotech

Germany takes 300m euro stake in firm developing vaccine

FRANKFURT: Germany will take a stake of about 23% in unlisted biotech firm CureVac by backing a 300 million euro ($337 million) capital increase to fund the company’s further development of a COVID-19 vaccine. The move was agreed with SAP co-founder Dietmar Hopp – who is an early backer and ...

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Pfizer bets on biotech flu vaccine in $425 million BioNTech alliance

Pfizer has agreed to pay German biotech firm BioNTech up to $425 million (£334.33 million) in an alliance to develop more effective influenza jabs, the latest among several major pharma companies to bank on a promising new genetic approach. Privately-held BioNTech will receive $120 million upfront plus up to $305 ...

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