Thursday, BioNTech SE (BNTX) announced that its board has authorized a new program to repurchase American Depositary Shares or ADS for an aggregate amount of up to $1.0 billion.
The company intends to use the repurchased ADSs to satisfy obligations in the ordinary course of business. Also, it believes that the program is consistent with the company's capital allocation strategy as well as its commitment to sustainable value creation for the shareholders.
Repurchases under the program may be made until and including May 6, 2027.
In the pre-market hours, BNTX is trading at $95.34, up 0.09 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.