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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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• By Mandy Jackson

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Pipeline Watch: ASCO Dominates Phase III Readouts

Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.

Quick Listen: Scrip’s Five Must-Know Things

 
• By Ian Haydock

In this week's episode: Sanofi’s Blueprint buy; AstraZeneca’s breast cancer resistance results at ASCO; BMS and BioNTech’s big bispecific deal; Kymera’s Dupixent in a pill; and Degron’s CEO on pipeline and strategy.

Chinese Biotech VC/PE Fundings Rise But Still Modest

 
• By Dexter Jie Yan

LTZ Therapeutics and Beijing Sungen Biomedical are among the Chinese biotechs raising new funding, of around $40m each, based on their clinical assets with novel mechanisms of action. While fundings have risen, they remain moderate however.