BioNTech to Close Three German Sites, Cutting Over 1,800 Jobs Amid Restructuring
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- usinenouvelle.com
BioNTech has announced the closure of three production sites in Germany, resulting in the loss of more than 1,800 jobs. This decision comes after the company failed to find buyers for its facilities in Idar-Oberstein, Marburg, and Tübingen, with closures expected between late 2027 and late 2028. Additionally, BioNTech plans to cease operations at its Singapore plant acquired from Novartis in 2022.
The restructuring reflects a significant decline in demand for COVID-19 vaccines, prompting BioNTech to seek annual savings of nearly €500 million. The company intends to redirect these resources towards its oncology business, which it views as crucial for future growth. This shift in focus comes after the pandemic-driven success of its COVID-19 vaccine, which has left the company needing to adapt to changing market conditions.
In related news, Pierre Fabre has resubmitted its application to the FDA for tabelecleucel, a treatment for post-transplant lymphoproliferative disease, after addressing previous concerns. Meanwhile, Crossject has secured an additional $4.7 million in non-dilutive funding to advance its pediatric epilepsy treatment, Zepizure, extending its contract with BARDA to June 2030.
Original report
En bref : BioNTech, Pierre Fabre, Crossject
usinenouvelle.com · Clémence di Tella, Nicolas ViudezThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
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