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Sanofi Takes €80M BioNTech Stake & Extends 2015 Deal

 
• By Mike Ward

BioNTech gets an €80m boost to its reserves as Sanofi takes equity stake as partners extend 2015 deal and advance an mRNA-based cancer immunotherapy into clinic against multiple solid tumors

Sean Marett
BioNTech's Marett says Sanofi Equity Stake Solidifies Partnership • Source: BioNTech

German biotech BioNTech AG has added Sanofi as a strategic investor as the French pharma giant takes an €80m equity stake and agrees to extend a 2015 research collaboration between the two companies. Concomitantly, the partners have agreed to co-develop the first cancer immunotherapy candidate from the collaboration that is entering clinical testing in multiple solid tumors.

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