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BioNTech to Receive German Federal Ministry Funding for COVID-19 Vax

Will support the COVID-19 vaccine program BNT162.

By: Contract Pharma

Contract Pharma Staff

BioNTech SE will receive a grant of up to $445.4 million) from an initiative by the German Federal Ministry of Education and Research (BMBF) to support the accelerated development of SARS-CoV-2 vaccines.    BioNTech will use the milestone-based BMBF funding to support its contribution to the Company’s mRNA vaccine program BNT162 that is being co-developed with its partners Pfizer Inc. and Fosun Pharma respectively. The goal of the initiative is the expansion of vaccine development and manufact...

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