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MIG Capital: BioNTech Has Transformed Global View Of German Biotech 'But We Don’t Walk On Water’

After BioNTech, German VC Leader Looks To Next Challenge

 
• By Andrew McConaghie

MIG Capital’s Matthias Kromayer looks back at the huge success of its long-term backing of BioNTech and discusses the group’s next big life sciences investments, but warns that realism and hard work are needed to achieve another breakthrough.

Comirnaty
BioNTech and Pfizer's COVID-19 vaccine Comirnaty has transformed the company's fortunes - and the image of the whole German biotech sector. Credit: Getty Images

This year has seen Germany’s BioNTech achieve a truly remarkable feat of working with Pfizer to bring more than two billion doses of their mRNA-based COVID-19 vaccine to the world, saving millions from hospitalization or death and altering the course of the still-ongoing pandemic.

The companies priced Comirnaty at around $20 per shot in developed nations and its safety,efficacy and availability at scale have...

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