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)