BioNTech shifts focus toward cancer drug development after earnings, revenue plunge [Globe and Mail, The (Toronto, Canada)]
BioNTech SE - American Depositary Shares (BNTX)
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Source: Globe and Mail, The
BioNTech is targeting 2024 revenues in a range of 2.5 billion to €3.1-billion, depending among other things on regulatory developments and COVID-19 vaccine uptake, it said in a statement. The German biotech firm had previously predicted total revenue of about €3-billion for 2024. The company is aiming for its first oncology launch in 2026 and ten indication approvals by 2030, the statement added. BioNTech said in January it expects to return to revenue growth in 2025 when the ongoing decline in its COVID-19 vaccine business would bottom out, and that it would invest to scale up its oncology business thereafter. Partner Pfizer said in January that sales of the COVID shot branded as Comirnaty dropped 54 per cent to $5.36-billion in the fourth quarter. It added at the time it expects full-year 2024 Comirnaty revenues of $5-billion. Sign up for the Top Business Headlines: Evening Edition Newsletter. An informative summary of the day's top business headlines, features and colu
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News
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- Scholz promises support for pharma sector in Germany as Merck invests [Reuters]Reuters
- Scholz promises support for pharma sector in Germany as Merck invests [Yahoo! Finance]Yahoo! Finance
- BioNTech to Report First Quarter 2024 Financial Results and Corporate Update on May 6, 2024GlobeNewswire
- BioNTech SE (NASDAQ: BNTX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $107.00 price target on the stock.MarketBeat
BNTX
Earnings
- 3/20/24 - Miss
BNTX
Sec Filings
- 4/8/24 - Form 6-K
- 4/8/24 - Form 6-K
- 3/25/24 - Form 6-K
- BNTX's page on the SEC website