BioNTech on manoeuvres in San Diego, ahead of possible IPO
Europe’s largest privately-held biopharmaceutical company BioNTech has bought antibody assets and infrastructure from San Diego, USA-based MabVax Therapeutics (Nasdaq: MBVX).
BioNTech, which is focused on patient-specific immuno-oncology treatments and other immunotherapies, is reportedly preparing to list as a public company, with a possible $800 billion initial public offering (IPO).
The firm has been particularly busy with partnerships and acquisitions in recent months, expanding a collaboration with Sanofi (Euronext: SAN) and buying the operational antibody generation unit of fellow German firm MAB Discovery.
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