BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
BioNTech, the German biotech company behind the COVID-19 vaccine, has warned of a significant decline in 2025 revenues, expecting them to range between 1.7 billion euros and 2.2 billion euros. This forecast is notably below the 2.75 billion euros reported last year and lower than analyst expectations of around 2.5 billion euros for 2025.
The company attributed the expected revenue drop to stable vaccination rates and anticipated inventory write-downs at its collaboration partner Pfizer, which will negatively impact sales. Additionally, BioNTech revealed plans to reduce its workforce by 950 to 1,350 full-time positions by 2027, impacting its manufacturing and research operations in Europe and North America.
However, BioNTech also intends to add between 800 and 1,200 new roles, especially in its large-scale mRNA immunotherapy manufacturing facility in Mainz and through its acquisition of Biotheus. Despite these changes, the company expects its overall headcount to remain relatively stable in the next three years. Following the announcement, BioNTech's stock fell by 4.3%, reflecting investor concerns.
A court in Ankara ordered regulators on Wednesday to block access to Grok, the artificial-intelligence chatbot built into Elon Musk’s X platform, af...
The Russian Prosecutor General's Office has declared Yale University 'an undesirable' organization on its territory, accusing the American institution...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 9th July, covering the latest developments you need to know....
Israeli Prime Minister Benjamin Netanyahu said on Wednesday that his meeting with U.S. President Donald Trump focused primarily on efforts to secure t...
Heavy monsoon rain has unleashed sudden flash flooding around the mountain village of Ruidoso, New Mexico, trapping dozens of people in vehicles and h...
A court in Ankara ordered regulators on Wednesday to block access to Grok, the artificial-intelligence chatbot built into Elon Musk’s X platform, after it allegedly generated insulting replies about President Recep Tayyip Erdogan — a criminal offence in Türkiye.
The Russian Prosecutor General's Office has declared Yale University 'an undesirable' organization on its territory, accusing the American institution of attempting to destabilize the country and of training Russian activists to oppose the Kremlin.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 9th July, covering the latest developments you need to know.
Israeli Prime Minister Benjamin Netanyahu said on Wednesday that his meeting with U.S. President Donald Trump focused primarily on efforts to secure the release of hostages held in Gaza. He also reiterated his commitment to dismantling Hamas's military and governing capabilities.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
President Donald Trump’s postponement of a sweeping tariff deadline to 1 August has renewed hopes for trade deals with key partners, but left smaller exporters and businesses grappling with uncertainty.
Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser, the investment bank said on Tuesday.
Russia's budget deficit reached 3.69 trillion roubles ($46.89 billion), or 1.7% of gross domestic product (GDP), in the first half of the year, the same as expected for the full year, the finance ministry said.
Norway has listed two Russian fishing companies, Norebo JSC and Murman Seafood, in line with European Union sanctions adopted on 20th May. The Norwegian government stated that the decision supports the country’s broader security policy objectives.
US President Donald Trump has declared a 25% tariff on imports from Japan and South Korea starting August 1, urging both nations to shift production to the US and warning of further tariff hikes if retaliatory measures are taken.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment