May 20 (Reuters) - German vaccine maker BioNTech
said on Tuesday that it plans to invest up to 1
billion pounds ($1.33 billion) over the next ten years to
broaden its research and development activities in partnership
with the UK government.
The company said its subsidiary BioNTech UK signed a grant
agreement with the UK government that builds on a multi-year
collaboration announced in January 2023.
Under the deal, BioNTech had undertaken to enroll up to
10,000 patients in clinical trials by the end of 2030 for
personalized cancer therapies and make investments to expand the
company's footprint in the United Kingdom.
BioNTech said on Tuesday that the UK will give the company a
grant of up to 129 million pounds ($172.05 million) for a period
of 10 years.
The company plans to use the grant to support its
establishment of two new R&D centers, the first of which will be
based in Cambridge and a second is currently being planned.
($1 = 0.7499 pounds)