The Gates Foundation sees BioNTech potential to 'dramatically reduce global HIV and tuberculosis'
German start-up BioNTech has signed an agreement with the Bill & Melinda Gates Foundation to develop HIV and tuberculosis programs, further expanding the company’s infectious disease portfolio.
This partnership includes an initial equity investment of $55 million by the Foundation, which is expected to close within the next week.
The funds will be used to develop pre-clinical vaccine and immunotherapy candidates to prevent HIV and tuberculosis infection as well as to lead to durable antiretroviral therapy-free remission of HIV disease.
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