BioNTech's Founding Duo Will Leave to Start New mRNA Firm [Yahoo! Finance Canada]
ASTELLAS PHARMA UNSP/ADR (ALPMY)
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Source: Yahoo! Finance Canada
biotech focused on messenger RNA, the technology behind their blockbuster Covid-19 vaccine. The couple, Ugur Sahin and Özlem Türeci, will shift to the new company by the end of the year, BioNTech said Tuesday. The firm's American depositary receipts plunged as much as 21% in pre-market trading. Most Read from Bloomberg “The departure of the company's founders is devastating news for the company and its shareholders” at a critical juncture, said Markus Manns, a portfolio manager at Union Investment and a BioNTech investor. “Both had been the heart and brain of the business.” Sahin and Türeci, who are married, are scientists who'd rather devote their energy to pursuing innovation than manage a large biopharmaceutical company, he said in an interview. BioNTech long had an academic vibe, publishing original research, and Sahin is a common sight on the streets of its headquarters city of Mainz, riding a mountain bike to work. BioNTech SE (BNTX) “BioNTech is now coming into a tr
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