German biotech BioNTech (Nasdaq: BNTX) saw its shares dip 3.4% to $101.44 today, after it reported financial results for the three months ended March 31, 2025 and provided an update on its corporate progress.
The company's revenue slightly decreased to 182.8 million euros ($206.2 million), compared to 187.6 million euros during the same period in 2024. Despite this revenue decline, BioNTech continues to focus on its strategic projects, particularly in oncology and COVID-19 vaccine development.
Net loss for the quarter was 415.8 million euros for the three months, compared to a net loss of 315.1 million euros for the comparative prior year period.
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