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2024-11-04
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BioNTech Beats Expectations, Gives Update on Cancer Drugs
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Analysts surveyed by Bloomberg expected a loss of €1.84.Sales came in almost three times higher than anticipated at €1.2 billion, although the company said it still expects to be at the low end of its full-year revenue range of between €2.5 billion to €3.1 billion.The beat in revenue was largely a result of BioNTech receiving early regulatory approvals in Europe and the UK for its variant-adapted Covid-19 shots, which it makes with Pfizer Inc. That boosted sales compared with the same time last year.BioNTech gained prominence during the pandemic and still remains dependent on Covid-19 jabs. But it said it’s advancing efforts to become a global multiproduct immunotherapy company, with various cancer drugs and vaccine candidates in its pipeline.The company has initiated two mid-stage dose optimization studies including for its widely-watched experimental medicine in small-cell lung cancer and triple-negative breast cancer. A mid-stage trial of an mRNA-based individualized cancer vaccine for use in patients with high-risk muscle-invasive urothelial cancer is also on track, it said.The vaccine maker has suffered a setback for its two-in-one shot against Covid and the flu that it’s developing with Pfizer.","news_type":1,"symbols_score_info":{"BNTX":1.1}},"isVote":1,"tweetType":1,"viewCount":4987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":367461493068120,"gmtCreate":1730727384489,"gmtModify":1730727437731,"author":{"id":"3576038173431541","authorId":"3576038173431541","name":"Rachel Chan","avatar":"https://static.tigerbbs.com/f516132514df0424f07a465da205ada0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576038173431541","idStr":"3576038173431541"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367461493068120","repostId":"1189866244","repostType":2,"repost":{"id":"1189866244","kind":"news","pubTimestamp":1730726556,"share":"https://ttm.financial/m/news/1189866244?lang=en_US&edition=fundamental","pubTime":"2024-11-04 21:22","market":"us","language":"en","title":"BioNTech Beats Expectations, Gives Update on Cancer Drugs","url":"https://stock-news.laohu8.com/highlight/detail?id=1189866244","media":"Bloomberg","summary":"BioNTech reported better-than-expected quarterly results helped by solid sales of its variant-adapted Covid-19 vaccines.BioNTech shares gained 3% in premarket trading.Mainz, Germany-based BioNTech’s e","content":"<div>\n<p>BioNTech reported better-than-expected quarterly results helped by solid sales of its variant-adapted Covid-19 vaccines.BioNTech shares gained 3% in premarket trading.Mainz, Germany-based BioNTech’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-04/biontech-beats-expectations-gives-update-on-cancer-drugs\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBioNTech Beats Expectations, Gives Update on Cancer Drugs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-04 21:22 GMT+8 <a href=https://www.bloomberg.com/news/articles/2024-11-04/biontech-beats-expectations-gives-update-on-cancer-drugs><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BioNTech reported better-than-expected quarterly results helped by solid sales of its variant-adapted Covid-19 vaccines.BioNTech shares gained 3% in premarket trading.Mainz, Germany-based BioNTech’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-11-04/biontech-beats-expectations-gives-update-on-cancer-drugs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE"},"source_url":"https://www.bloomberg.com/news/articles/2024-11-04/biontech-beats-expectations-gives-update-on-cancer-drugs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189866244","content_text":"BioNTech reported better-than-expected quarterly results helped by solid sales of its variant-adapted Covid-19 vaccines.BioNTech shares gained 3% in premarket trading.Mainz, Germany-based BioNTech’s earnings per diluted share were €0.81 ($0.88) in the third quarter, according to a statement Monday. Analysts surveyed by Bloomberg expected a loss of €1.84.Sales came in almost three times higher than anticipated at €1.2 billion, although the company said it still expects to be at the low end of its full-year revenue range of between €2.5 billion to €3.1 billion.The beat in revenue was largely a result of BioNTech receiving early regulatory approvals in Europe and the UK for its variant-adapted Covid-19 shots, which it makes with Pfizer Inc. That boosted sales compared with the same time last year.BioNTech gained prominence during the pandemic and still remains dependent on Covid-19 jabs. But it said it’s advancing efforts to become a global multiproduct immunotherapy company, with various cancer drugs and vaccine candidates in its pipeline.The company has initiated two mid-stage dose optimization studies including for its widely-watched experimental medicine in small-cell lung cancer and triple-negative breast cancer. A mid-stage trial of an mRNA-based individualized cancer vaccine for use in patients with high-risk muscle-invasive urothelial cancer is also on track, it said.The vaccine maker has suffered a setback for its two-in-one shot against Covid and the flu that it’s developing with Pfizer.","news_type":1,"symbols_score_info":{"BNTX":1.1}},"isVote":1,"tweetType":1,"viewCount":4987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
