COVID success story BioNTech (Nasdaq: BNTX) is to buy fellow German mRNA company CureVac (Nasdaq: CVAC).
Shares in the latter firm shot up by more than a third amid the news on Thursday, while those in BioNTech barely changed.
The all-stock transaction—worth around $1.25 billion—will build on BioNTech’s proven track record and established position in the global mRNA industry, the company says.
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