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Stock impact report

Scholz promises support for pharma sector in Germany as Merck invests [Reuters]

BioNTech SE - American Depositary Shares (BNTX) 
Company Research Source: Reuters
aiming at mRNA technology, in Darmstadt, Germany April 25, 2024. REUTERS/Heiko Becker BERLIN, April 25 (Reuters) - German Chancellor Olaf Scholz said he was committed to supporting the pharmaceuticals sector with tax advantages for research and cutting red tape for trials at a ceremony with Merck , which is investing 1.5 billion euros ($1.61 billion) in Germany. The drugmaker plans to use its new life sciences Advanced Research Centre in the western city of Darmstadt, which it is spending 300 million euros on, to develop services and digital platforms to help scientists work more effectively. With some 550 employees, it is part of the bigger investment announced in 2022. Scholz said he wanted Germany to build on a 2.3 billion euro investment by Eli Lilly in the western town of and other development plans by Novo Nordisk , BioNTech , AbbVie and Roche for Europe's biggest economy. Following the success of BioNTech, which partnered with U.S. giant Pfizer on its mRNA COVID-19 va Show less Read more
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