financetom
Business
financetom
/
Business
/
BioNTech's Q2 revenues double on higher COVID vaccine sales
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BioNTech's Q2 revenues double on higher COVID vaccine sales
Aug 4, 2025 4:12 AM

FRANKFURT, Aug 4 (Reuters) - German biotech firm

BioNTech on Monday said that second-quarter revenues

more than doubled to 261 million euros ($302 million), driven

by higher revenues from its COVID-19 vaccine collaboration with

Pfizer ( PFE ).

The company's quarterly net loss came in at 387 million

euros, an improvement over a net loss of 808 million in the

year-earlier period, which at the time was burdened by

provisions for a settlement with the U.S. National Institutes of

Health over vaccine royalty payments.

Lower operating expenses also helped reduce the

second-quarter loss, it added.

BioNTech reiterated its guidance for 2025 revenues of 1.7

billion to 2.2 billion euros, down from 2.75 billion last year.

BioNTech in June agreed to acquire domestic peer CureVac ( CVAC )

in a $1.25 billion share deal, boosting its work on new

mRNA-based cancer treatments and quelling patent litigation

brought by the takeover target.

That was shortly after Bristol Myers Squibb ( BMY ) agreed

to pay up to $11.1 billion for rights to jointly develop

BioNTech's next-generation cancer immunotherapy.

($1 = 0.8654 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
OpenAI unveils 'o3' reasoning AI models in test phase
OpenAI unveils 'o3' reasoning AI models in test phase
Dec 20, 2024
Dec 20 (Reuters) - OpenAI said on Friday it was testing new reasoning AI models, o3 and o3 mini, in a sign of growing competition with rivals such as Google to create smarter models capable of tackling complex problems. CEO Sam Altman said the AI startup plans to launch o3 mini by the end of January, and full o3 after...
Codelco copper output misses November target, document shows
Codelco copper output misses November target, document shows
Dec 20, 2024
SANTIAGO, Dec 20 (Reuters) - Chile's state-run copper giant Codelco produced 125,500 metric tons of the metal in November, up 18% year-on-year, but still fell behind its target for the month, an internal document obtained by Reuters showed Friday. The miner's output was 3% lower than expected, according to the document titled Preliminary Corporate Results and dated in December. The...
Market Chatter: Blackstone Hires Credit Dealmakers From KKR, Ares Management
Market Chatter: Blackstone Hires Credit Dealmakers From KKR, Ares Management
Dec 20, 2024
02:52 PM EST, 12/20/2024 (MT Newswires) -- Blackstone (BX) is bringing on board two dealmakers, one from KKR (KKR) and one from Ares Management ( ARES ) , who will focus on asset-based debt as the company seeks to continue expanding into private credit, Bloomberg reported Friday, citing a person with knowledge of the matter. Andie Goh, who recently handled...
Rhythm Pharmaceuticals Gains FDA Approval for Expanded IMCIVREE Use
Rhythm Pharmaceuticals Gains FDA Approval for Expanded IMCIVREE Use
Dec 20, 2024
02:45 PM EST, 12/20/2024 (MT Newswires) -- Rhythm Pharmaceuticals ( RYTM ) said Friday the US Food and Drug Administration has approved an expanded indication for IMCIVREE to include children as young as 2 years old. The drug is indicated to lower excess body weight and keep weight reduction long-term in patients 2 years of age and older with syndromic...
Copyright 2023-2026 - www.financetom.com All Rights Reserved