BioNTech: From Pandemic Profits to a Fierce Fight Against Cancer
BioNTech is pivoting from its COVID-19 vaccine success to focus on innovative cancer therapies using mRNA technology. Despite a decline in revenue and a net loss of around 700 million…
The pharmaceutical industry is a sector of the economy that focuses on the development, production, and marketing of medications and drugs. This industry encompasses a wide range of activities, including the research and development (R&D) of new drugs, regulatory approval processes, manufacturing standards, distribution, and sales. Companies within the pharmaceutical industry may produce prescription medications, over-the-counter drugs, and vaccines, as well as biologics and other related healthcare products. Importantly, the industry plays a crucial role in public health by providing treatments for various medical conditions, contributing to advancements in medicine, and responding to health crises. The pharmaceutical industry is heavily regulated to ensure the safety, efficacy, and quality of medicines, with oversight often coming from government entities such as the Food and Drug Administration (FDA) in the United States or the European Medicines Agency (EMA) in Europe.
BioNTech is pivoting from its COVID-19 vaccine success to focus on innovative cancer therapies using mRNA technology. Despite a decline in revenue and a net loss of around 700 million…