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March 17, 2020updated 27 Oct 2021 1:47pm

BioNTech signs Covid-19 vaccine deals with Pfizer and Fosun

German biotechnology firm BioNTech has partnered with Pfizer to jointly develop and distribute a potential mRNA-based Covid-19 vaccine.

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German biotechnology firm BioNTech has partnered with Pfizer to jointly develop and distribute a potential mRNA-based Covid-19 vaccine.

The parties have implemented a material transfer and collaboration agreement to begin working.

This agreement expands the research and development (R&D) alliance signed by the companies in 2018 to develop mRNA-based vaccines against influenza.

With the latest collaboration, the companies aim to speed-up the development of BioNTech’s BNT162 as a potential Covid-19 vaccine. The candidate should advance into clinical testing next month.

Pfizer development & medical worldwide research president Mikael Dolsten said: “We believe that by pairing Pfizer’s development, regulatory and commercial capabilities with BioNTech’s mRNA vaccine technology and expertise as one of the industry leaders, we are reinforcing our commitment to do everything we can to combat this escalating pandemic, as quickly as possible.”

The partners will leverage their respective research and development sites, including those in the US and Germany, to carry out the activities associated with the collaboration.

Recently, Pfizer announced a five-point plan for the biopharmaceutical industry to help combat Covid-19.

BioNTech and Fosun Pharma partnership

BioNTech also formed a strategic development and commercialisation partnership with Shanghai Fosun Pharmaceutical to advance BNT162 for protection from Covid-19 in China.

As part of the deal, the companies will co-develop the candidate in China and perform clinical trials by utilising Fosun’s clinical development, regulatory and commercial expertise in the country.

If approved, Fosun will commercialise the vaccine in China while BioNTech, along with its partner Polymun, will supply the vaccine for trials from manufacturing facilities in Europe.

BioNTech will hold the rights to develop and commercialise the vaccine in the remaining global regions.

Fosun Pharma president and CEO Wu Yifang said: “Our shared objective is to develop a vaccine against the coronavirus and to be able to rapidly manufacture a vaccine to turn the tide of Covid-19 infection.”

Under the partnership, Fosun agreed to make a $50m equity investment in BioNTech.

Related Companies

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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