Monday, BioNTech SE BNTX reported a first-quarter EPS lack of 1.31 euros ($1.41 loss), a shift from an earnings of two.05 euros, lacking the consensus lack of 97 cents.
The COVID-19 vaccine maker reported gross sales of 187.6 million euros (roughly $202 million), down from 1.3 billion euros reported a yr in the past, lacking the consensus of 427.5 million euros.
The European biotech agency posted a quarterly web lack of 315 million euros, in contrast with a revenue of 502 million a yr earlier.
“We anticipate to acknowledge roughly 90% of our full yr revenues within the final months of 2024, principally in This fall of 2024. With a powerful money place of 16.9 billion euros, we’re effectively positioned to spend money on our modern R&D pipeline and scale the enterprise for business readiness in oncology,” mentioned Jens Holstein, CFO of BioNTech.
“Previously weeks, now we have reported constructive preliminary knowledge for each our individualized and off-the-shelf mRNA-based candidates which additional underline the potential of our iNeST and FixVac platforms. We stay up for offering extra updates this yr throughout our oncology portfolio, together with our bispecific antibody and ADC packages,” mentioned Ugur Sahin, CEO and Co-Founding father of BioNTech.
“Within the the rest of the yr, we plan to develop and commercialize a variant-adapted COVID-19 vaccine and speed up our scientific growth actions in the direction of realizing the complete potential of our oncology pipeline with a view to turning into a business firm with marketed medicines for most cancers and infectious illnesses.”
Steering: BioNTech mentioned it’s nonetheless focusing on 2024 revenues of two.5 billion euros to three.1 billion euros.
Associate Pfizer Inc. PFE mentioned final week it nonetheless expects $8 billion in mixed 2024 gross sales of its COVID-19 merchandise, $5 billion of which is able to come from BioNTech’s partnered Comirnaty-COVID-19 vaccine.
Value Motion: BNTX shares are down 0.49% at $92.27 eventually test Monday.
Photograph through Wikimedia Commons
