BioNTech to boost oncology offering with buy of Biotheus
Although it is seeing a downturn in sales and profits, German biotech BioNTech (Nasdaq: BNTX) is continuing to acquire assets with the cash pile it made through the covid pandemic, notably its Comirnaty vaccine that was developed with Pfizer (NYSE: PFE).
Today, BioNTech revealed a definitive agreement to acquire China-based Biotheus, a clinical-stage biotechnology company dedicated to the discovery and development of novel antibodies to address unmet medical needs of patients with oncological or inflammatory diseases, with which it has previously partnered.
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