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BioNTech plans to spend about USD 1 billion more on research this year
The company said it expects to authorise new share buybacks worth up to $500 million this year, having already spent $1.3 billion on own shares through March 17.
Frankfurt: BioNTech plans to spend up to about 1 billion euros ($1.1 billion) more on research and development and buy back up to $500 million more of its shares this year, drawing on more than 21 billion euros from the now waning commercial success of its COVID-19 vaccine.In a statement on Monday, Germany's BioNTech, Pfizer's partner on the Comirnaty vaccine, said it plans to spend 2.4 to...
Frankfurt: BioNTech plans to spend up to about 1 billion euros ($1.1 billion) more on research and development and buy back up to $500 million more of its shares this year, drawing on more than 21 billion euros from the now waning commercial success of its COVID-19 vaccine.
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751