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Germany’s BioNTech buys China’s Biotheus in US$800 million push into cancer drugs

SCMP LogoSCMP3h ago

Germany’s BioNTech buys China’s Biotheus in US$800 million push into cancer drugs - SCMP

Quick Summary:

BioNTech says deal will support its push into the development of cancer drugs using its proven mRNA technology.

China, the world’s second largest pharmaceutical market after the US, was estimated to have had about 4.82 million new cancer cases and 2.57 million cancer deaths in 2022, according to a paper published in March by researchers at the National Clinical Research Center for Cancer.

In particular, the drug candidate BNT327/PM8002 developed by Biotheus will be a key area of focus after the deal closes.


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Article Details

Author / Journalist: Eric Ng

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 11:52:04 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 251 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23579016

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 11 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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  • URL: https://beamstart.com/news/germanys-biontech-buys-chinas-biotheus-17315572515

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