German biotechnology company BioNTech SE reported Monday sharply lower profit in its third quarter reflecting weak revenues. Looking ahead, BioNTech has raised the lower end of its fiscal 2022 COVID-19 vaccine revenue estimate.
In pre-market activity in Nasdaq, BioNTech shares were losing around 3.2 percent to trade at $149.31.
Jens Holstein, CFO of BioNTech, said, "Thanks to our strong execution in the third quarter of 2022, we updated our COVID-19 vaccine revenue guidance for the year 2022 to the upper end of the original range. We started shipments of our Omicron-adapted bivalent vaccines early in September and we expect to carry on with our deliveries throughout the fourth quarter of 2022."
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.