BERLIN, Aug 5 (Reuters) - Losses at Germany's BioNTech
quadrupled year-on-year in the second quarter, the
company said on Monday, as it banks on a strategy shift towards
new cancer treatments following a sharp drop-off in sales of its
COVID-19 vaccine.
BioNTech reported a second-quarter net loss of 807.8 million
euros ($885.03 million), versus a loss of 190.4 million a year
earlier.
BioNTech confirmed its 2024 guidance for revenue in a range
of 2.5 billion euros to 3.1 billion euros, most of which is
expected to accrue at the end of the year.
($1 = 0.9127 euros)
(Writing by Rachel More, Editing by Miranda Murray)