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.
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A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
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The European Union views the Palestinian Authority as "best placed to govern Gaza," according to EU foreign policy chief Kaja Kallas, following her meeting with Palestinian Prime Minister Mohammad Mustafa in Ramallah.
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A group of top Trump administration officials reportedly shared sensitive military plans over the encrypted messaging app Signal just hours before the United States launched strikes on Houthi targets in Yemen, sparking a political storm in Washington.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
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