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BioNTech Q1 Net Profit Declines; Reiterates 2023 COVID-19 Vaccine Revenue Guidance

BioNTech SE (BNTX) said its financial performance has been fully in line with the company's expectations for the first quarter of 2023. Commercial revenues decreased due to lower demand for COVID-19 vaccine.

For fiscal 2023, the company continues to project BioNTech COVID-19 vaccine revenues of approximately 5 billion euros. In 2023, the company plans to deliver doses originally scheduled for delivery in 2022 in some geographies. BioNTech SE said, for the remainder of 2023, the company is focused on advancing its disruptive platforms against solid tumors and accelerating clinical programs in infectious diseases of high global need.

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by RTTNews Staff Writer

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