Early data at ASCO show BioNTech's war chest in action

2 June 2023

Building on the extraordinary success of its platform in producing an effective coronavirus vaccine, German mRNA specialist BioNTech (Nasdaq: BNTX) is making inroads on a project which broadens its focus to include checkpoint inhibition.

Data presented at the annual meeting of the American Society of Clinical Oncology (ASCO) demonstrate encouraging progress for its anti-CTLA-4 antibody gotistobart.

The company generated tens of billions of dollars with its vaccine Comirnaty sales, partnered with Pfizer (NYSE: PFE) - money that is now being put to good use.

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