Monday, May 9, 2022

BioNTech Q1 Profit Surges, Backs FY22 Revenue View; Stock Up

Shares of BioNTech SE were gaining around 3 percent in the morning trading in Germany as well as in the pre-market activity on Nasdaq after the German bio-tech company reported Monday significantly higher profit and revenues in its first quarter mainly with strong demand for Covid-19 vaccine. The company also reiterated its fiscal 2022 outlook for COVID-19 vaccine revenue.

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