BioNTech's Big Moves: $1.2 Billion Settlements and a Game-Changing Cancer Bet

The German biotech heavyweight has just put two major royalty disputes in the rearview mirror. BioNTech agreed to pay $791.5 million to the U.S. National Institutes of Health (NIH) and $467 million to the University of Pennsylvania (Penn) to settle claims tied to its blockbuster COVID-19 vaccine. These payouts stem from accusations of underpaying for foundational mRNA tech developed by Penn's Nobel-winning researchers. The best part? Partner Pfizer (NYSE:PFE) is footing part of the bill, covering up to $534.5 million of these payments. With these distractions out of the way, BioNTech is primed to keep innovating without legal battles looming over its head.

 BioNTech is gearing up to reshape oncology with its $800 million acquisition of Biotheus, a biotech player specializing in bispecific antibodies. The prize here is BNT327/PM8002, a late-stage clinical asset that could redefine cancer treatment by combining checkpoint inhibitors with tumor-targeting antibodies. Early trials are already showing promise in hard-to-treat tumors, and BioNTech isn't wasting any timeit's planning a slew of registrational trials in 2024 and 2025. The acquisition also beefs up BioNTech's R&D and manufacturing capabilities in China, adding over 300 Biotheus employees to its ranks. It's a bold move aimed at dominating a high-potential market.

https://finance.yahoo.com/news/biontechs-big-moves-1-2-151133861.html