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BioNTech

PublicFounded 2008🇩🇪Mainz, GermanyCEO Uğur Şahin

BioNTech is a Mainz-based immunotherapy company that, with Pfizer, co-developed Comirnaty (BNT162b2) - the first authorized mRNA COVID-19 vaccine and one of the best-selling drugs in history.

Latest update Oct 14, 2026

01

Overview

Founded in 2008 by Uğur Şahin and Özlem Türeci (with Christoph Huber) as an individualized cancer-immunotherapy company, BioNTech is now aggressively redeploying its pandemic-era war chest (~€16.6B in cash) back toward oncology, including a manufacturing-network pullback (up to 1,860 roles, sites in Germany and Singapore) as it winds down excess COVID capacity. The first concrete sale from that pullback landed on August 27, 2026, when a DUBAG Group fund agreed to buy peptide-tools subsidiary JPT Peptide Technologies; other site divestments remain under review through the end of September 2026. Its centerpiece is BNT327 (pumitamig), a PD-L1xVEGF-A bispecific antibody obtained through the 2024-25 Biotheus acquisition and co-developed with Bristol Myers Squibb in a partnership worth up to ~$11.1B, now advancing across seven pivotal ROSETTA-program trials (part of 14 pivotal trials companywide) in lung, breast, gastric and other solid tumors. At WCLC 2026 on September 12, first global data for pumitamig plus the B7-H3 ADC elfetabart drozuntecan showed a 70.4% objective response rate and 93.0% disease-control rate in 71 evaluable small-cell lung-cancer patients. The pipeline also spans a second late-stage ADC platform with DualityBio (trastuzumab pamirtecan, whose breast-cancer indication reached a China BLA filing in April 2026, and the newly Phase 3 elfetabart drozuntecan in prostate cancer), a fourth late-stage asset in gotistobart (BNT316/ONC-392, with OncoC4), a next-generation anti-CTLA-4 antibody that posted 18.5 months median overall survival versus 10.0 months for docetaxel in non-pivotal PRESERVE-003 stage 1 at WCLC 2026 (HR 0.56) after earlier ELCC 2026 data showed a 54% reduction in risk of death, individualized neoantigen mRNA cancer vaccines (autogene cevumeran/BNT122 with Genentech), CAR-T and infectious disease, including BNT168, a therapeutic mRNA HIV vaccine that began a randomized Phase 1 first-in-human trial (NCT07698600) on August 4, 2026. COVID revenue keeps declining sharply (H1 2026 revenue just €223.7M, FY2025 was €2.87B) and BioNTech cut its FY2026 revenue guidance to €1.6-1.9B on August 4, 2026 while posting a widening H1 2026 net loss of €1.35B; the company still expects to recognize €613M of BMS collaboration revenue in Q3 2026. The stock jumped ~23% on August 19, 2026 as investors refocused on the oncology pipeline, then eased to a ~$24.1B market cap at the September 18 close. Incoming CEO Guido Oelkers (succeeding founder Uğur Şahin by February 1, 2027) inherits a validated-platform leader financing a multi-year bet to become a multi-product oncology company by 2030. On August 28, 2026 BioNTech terminated the Phase 2 BNT122-01 trial of autogene cevumeran as an adjuvant monotherapy in resected colorectal cancer after an independent Data Safety Monitoring Board found a numerical survival imbalance versus watchful waiting and judged continuation unlikely to change the outcome, though it reported no new safety signal; the separate Phase 2 IMcode003 trial testing autogene cevumeran in combination with chemotherapy and checkpoint inhibition for pancreatic cancer is unaffected and continues. On September 17, 2026 Pfizer Canada and BioNTech said Health Canada authorized XFG-adapted COMIRNATY for ages 6 months and older for the 2026-2027 season, with inventory due in the coming days and weeks. On October 13, 2026 BioNTech said AHEAD-MERIT (NCT04534205) of BNT113 plus pembrolizumab missed progression-free survival versus pembrolizumab alone in first-line HPV16-positive head and neck cancer; numerical PFS was not disclosed. Overall survival continues and can still make the trial positive. ClinicalTrials.gov lists the study as active, not recruiting (358 enrolled; primary completion August 2028).

sec.govUpdated Oct 13, 2026

02

What's next12

  1. 2026-2027

    BNT327 first-line lung-cancer Phase 3 readouts

    Report registrational Phase 3 data for BNT327 (pumitamig) in first-line lung cancer - the key catalyst for its central immuno-oncology bet with Bristol Myers Squibb. The pivotal ROSETTA program (7 trials, 5 initiated in H1 2026) spans ROSETTA Lung-01 (1L extensive-stage small-cell lung cancer), ROSETTA Lung-02 (1L non-small-cell lung cancer), ROSETTA Lung-201 (unresectable stage III NSCLC vs durvalumab) and ROSETTA Lung-202 (1L PD-L1>=50% NSCLC vs pembrolizumab). As of the August 2026 Q2 update, ASCO 2026 data marked a third consistent global dataset showing efficacy across PD-L1 levels, but the registrational Phase 3 portions remain recruiting with no pivotal readout yet. BioNTech now runs 16 lung-cancer trials companywide (5 pivotal Phase 3 plus 2 novel-novel combination studies). WCLC 2026 (Seoul, September 12-15) delivered first pumitamig plus elfetabart drozuntecan combo data (70.4% ORR in SCLC) and the first median OS for gotistobart in PRESERVE-003 stage 1.

  2. 2026-2027

    Additional 2026-2027 late-stage cancer readouts

    Deliver further pivotal data across the now-14-trial pivotal pipeline: gotistobart's pivotal Phase 3 PRESERVE-003 stage 2 in squamous NSCLC (after non-pivotal stage 1 at WCLC 2026 posted 18.5 vs 10.0 months median OS versus docetaxel, plus January 2026 FDA Orphan Drug Designation), the BNT113 mRNA vaccine in HPV16-positive head and neck cancer, and early pivotal progress for the newly Phase 3 elfetabart drozuntecan (BNT324) in prostate cancer, dosed since May 2026. Management guided to three late-stage readouts across immunomodulator, ADC and mRNA cancer-immunotherapy programs before year-end 2026; the WCLC 2026 gotistobart OS update is one of those visibility points, while registrational stage 2 remains the confirmation test.

  3. 2H 2026

    First-ever US oncology regulatory submission

    Submit BioNTech's first US cancer-drug application - the antibody-drug conjugate trastuzumab pamirtecan (BNT323/DB-1303, with DualityBio) - marking its transition from vaccines to commercial oncology in its home market. The endometrial-cancer indication already holds FDA Fast Track and Breakthrough Therapy designations (Dec 2023) and its registrational cohort is now fully recruited; separately, a pivotal Phase 3 trial in HER2-positive breast cancer met its progression-free-survival endpoint, underpinning a China BLA (breast cancer) accepted for NMPA review on April 9, 2026. BioNTech and DualityBio are still determining the optimal US regulatory path across the endometrial and breast-cancer data; as of September 21, 2026 the US BLA had not yet been filed.

  4. 2026

    Shareholders elect KPMG as independent auditor for FY2027

    TargetUpcoming Annual General Meeting; date not disclosed in the Sep 18, 2026 6-K

  5. 2026

    AHEAD-MERIT overall-survival readout for BNT113

    TargetOS dual primary continues after the Oct 13, 2026 PFS miss; ClinicalTrials.gov lists primary completion August 2028

03

Latest news10

  1. BioNTech says BNT113 missed its progression-free survival goal

    On October 13, 2026 BioNTech said the Phase 2/3 AHEAD-MERIT trial missed its progression-free survival goal for BNT113 plus pembrolizumab versus pembrolizumab alone in first-line unresectable recurrent or metastatic HPV16-positive head and neck cancer. An independent committee recommended the trial continue to overall survival, which can still count as a positive result under the pre-specified design. The company said it remains blinded to the ongoing data and did not publish a progression-free survival figure.

    www.biontech.com

  2. Health Canada authorizes BioNTech XFG Comirnaty shot

    Pfizer Canada and BioNTech said September 17 that Health Canada authorized the XFG variant-adapted COMIRNATY vaccine for people aged 6 months and older for the 2026-2027 season. The partners said the decision rests on prior clinical, non-clinical, and real-world evidence, and Pfizer Canada said it has enough inventory for federal and provincial contracts, with distribution in the coming days and weeks. The Canadian clearance covers a broader age group than the August 27 FDA approval, which applied to adults 65 and older and higher-risk people ages 5 to 64.

    CNW / Pfizer Canada BioSpace

  3. BioNTech combo posts 70 percent ORR in SCLC

    First global data from BioNTech's Phase 1b/2 BNT324-01 trial of pumitamig plus elfetabart drozuntecan showed a 70.4% objective response rate and 93.0% disease-control rate among 71 evaluable small-cell lung cancer patients, IASLC reported at WCLC 2026. The combination is the first reported PD-(L)1 x VEGF bispecific plus ADC pairing in lung cancer; first-line ORR was 92.3%, and grade 3 or higher treatment-related events hit 23.3% of 193 patients treated as of June 2. Investigators said the safety profile was manageable and that NSCLC data remain immature.

    IASLC BioNTech

  4. Gotistobart nearly doubles survival in squamous NSCLC

    BioNTech and OncoC4 presented the first median overall-survival data from non-pivotal stage 1 of the Phase 3 PRESERVE-003 trial at WCLC on September 14: gotistobart (BNT316/ONC-392) posted 18.5 months median OS versus 10.0 months for docetaxel (HR 0.56; nominal p=0.0295). The July 17, 2026 cut-off covered 87 previously treated squamous NSCLC patients (45 gotistobart, 42 docetaxel) after a median 25.4 months of follow-up; grade 3 or higher treatment-related adverse events were 44.4 percent versus 48.8 percent. Pivotal stage 2 is ongoing at more than 160 sites.

    BioNTech Reuters

  5. BioNTech halts Phase 2 colorectal cancer vaccine trial

    BioNTech said on August 28, 2026 it is terminating the Phase 2 BNT122-01 trial of its individualized mRNA cancer vaccine autogene cevumeran as an adjuvant monotherapy in surgically resected, ctDNA-positive colorectal cancer, run with Genentech. An independent Data Safety Monitoring Board recommended stopping after finding a numerical imbalance in overall survival between the vaccine and watchful-waiting arms and judging further continuation unlikely to change the outcome, though it reported no new safety signal. BioNTech said the separate Phase 2 IMcode003 trial testing autogene cevumeran in combination with chemotherapy and checkpoint inhibition for pancreatic cancer is unaffected and continues as planned.

    BioNTech BioPharm International

04

Products7

05

Key metrics

Employees
8,052

(Dec 31, 2025); up to 1,860 COVID-manufacturing roles slated to leave through 2027

Est. annual revenue
H1 2026: €223.7M

(Q2 alone: €105.6M) as COVID revenue keeps fading; FY2026 guidance cut to €1.6-1.9B (from €2.0-2.3B) on August 4, 2026. BioNTech still expects the majority of 2026 revenue in Q3, including €613M of BMS collaboration revenue. FY2025 was €2.87B. Q3 2026 results are due November 3, 2026

FY2025 / H1 2026 Revenue
FY2025: €2.87B

H1 2026: €223.7M (Q2 alone: €105.6M); FY2026 guidance cut to €1.6-1.9B

Cash & Investments
~€16.6B

(Q2 2026), down from €17.2B at Dec 31, 2025

Market Cap
~$24.1B

($96.06/share at the Sept 18, 2026 close) - eased from ~$24.8B in mid-September after the Aug 19 oncology-pipeline rally

FY2025 / H1 2026 Net Loss
FY2025: €1.14B

(IFRS). H1 2026: €1.35B (Q2 alone: €820.8M; adj. diluted LPS €2.22)

FY2025 R&D Spend / FY2026 Guidance
FY2025: €2.1B

(IFRS). FY2026 adjusted R&D guidance: €2.0-2.3B (Q2 adj. R&D: €477.1M)

BNT327 Phase 3 Program
7 pivotal ROSETTA trials

(5 initiated H1 2026); part of 14 pivotal trials companywide. WCLC 2026 also delivered first pumitamig plus elfetabart drozuntecan combo data (70.4% ORR in 71 evaluable SCLC patients) and gotistobart PRESERVE-003 stage 1 median OS (18.5 vs 10.0 months)

BMS Partnership Value
Up to ~$11.1B

($1.5B upfront, $2B non-contingent through 2028, up to $7.6B milestones; 50/50 profit share). BioNTech still expects to recognize €613M of BMS collaboration revenue in Q3 2026

Manufacturing Restructuring
Up to 1,860 roles cut

(~22% of workforce); Germany/Singapore site exits by 2027; JPT Peptide Technologies sale to a DUBAG fund agreed Aug 27, 2026; remaining Idar-Oberstein, Marburg, Singapore and CureVac site sales still under review through end of September 2026, with no further signed sale announced as of Sept 21

Share Buyback Progress

$402.5M of the $1B ADS repurchase program completed through Aug 14, 2026 (4,410,552 ADSs at an average $91.26); program runs through May 6, 2027

Manufacturing Restructuring
Up to 1,860 roles

JPT sale agreed Aug 27 remains the only signed deal. Spokesperson-reported remaining closures: Tuebingen end-2027, Marburg start-2028, Idar-Oberstein end-2028; Singapore still a May Q1 2027 wind-down with no confirmed buyer. No matching newsroom post as of Oct 4.

Market Cap
About $24.34B

$96.90/share at the Oct 2, 2026 close; 251.20M shares

BNT113 AHEAD-MERIT HPV16 HNSCC
Phase 2/3 PFS dual primary not met

(Oct 13, 2026); OS dual primary continues. Numerical PFS not disclosed. Active, not recruiting; 358 enrolled; primary completion Aug 2028 (ClinicalTrials.gov).

06

Operations & revenue

Operating status

Commercial (COVID), pre-profit in oncology

COVID commercial, oncology still pre-product. Q2 2026 revenue 105.6M euro; FY2026 guide 1.6-1.9B euro; cash about 16.6B euro. Oct 2 close $96.90, market cap about $24.34B (251.20M shares); no later close was used. A BioNTech spokesperson told Fierce Pharma, Reuters and Pharma Manufacturing on or around 28 Sept that the remaining site-sale process produced no transaction after JPT; reported closures are Tuebingen end-2027, Marburg start-2028 and Idar-Oberstein end-2028. Singapore remains a May Q1 2027 wind-down with no confirmed buyer. Q3 results are still due 3 Nov. Wikipedia, read 14 Oct 2026, still lists Sahin as CEO and 7,807 employees (2025); the catalog keeps 8,052 at 31 Dec 2025 and the Oelkers handover by 1 Feb 2027. On 13 Oct 2026 a 6-K exhibit said AHEAD-MERIT missed its PFS dual primary for BNT113 plus pembrolizumab. Overall survival continues and can still make the trial positive. BNT113, also called tenumomeran/raplemomeran, encodes HPV16 E6 and E7. BioNTech's 21 Jan 2026 release announced FDA Fast Track. ClinicalTrials.gov lists NCT04534205 as active, not recruiting, 358 enrolled, primary completion August 2028.

Revenue streams

  • COVID-19 vaccine (Comirnaty, via Pfizer)

    BioNTech's share of gross profit from the Pfizer-partnered mRNA COVID-19 vaccine remains the dominant revenue source, but is declining sharply as demand normalizes in Europe and the US.

  • Collaborations, upfront & milestone payments

    Payments from oncology and infectious-disease partnerships - notably the Bristol Myers Squibb BNT327 deal ($1.5B upfront plus $2B non-contingent through 2028) and the Genentech/Roche cancer-vaccine collaboration. BioNTech still expects to recognize €613M of BMS collaboration revenue in Q3 2026. Part of the FY2026 revenue guidance cut announced August 4, 2026 owes to milestone revenue from an out-licensed program no longer expected this year.

  • Oncology (pre-commercial)

    No oncology product revenue yet; the first US regulatory submission (trastuzumab pamirtecan in endometrial cancer) is still targeted for 2026, though a parallel China BLA was already accepted for review by the NMPA in April 2026. Meaningful oncology revenue is expected only later this decade.

07

Track record

How past announced dates turned out.

0/1announced date hit on time

  • 0 Hit
  • 0 Slipped
  • 1 Missed
  1. Missed

    Autogene cevumeran Phase 2 colorectal-cancer trial

    Target 2027 · Resolved Aug 28, 2026

    BioNTech and Genentech terminated the Phase 2 adjuvant colorectal-cancer trial of autogene cevumeran (BNT122) after an independent data safety monitoring board recommended discontinuing treatment; the trial had tripped a futility threshold in October 2025 but was kept running for more data. The companion Phase 2 trial in adjuvant pancreatic cancer continues.

08

Timeline30

  1. 2026

    1. AHEAD-MERIT misses PFS; BNT113 continues for overall survival

      On October 13, 2026 BioNTech reported first topline results from AHEAD-MERIT (NCT04534205): BNT113 plus pembrolizumab did not demonstrate a statistically significant PFS improvement versus pembrolizumab alone in first-line unresectable recurrent or metastatic HPV16-positive, PD-L1-expressing head and neck squamous cell carcinoma. Numerical PFS was not disclosed. An independent data monitoring committee recommended continuing for overall survival, which can still make the trial positive under the pre-specified design. ClinicalTrials.gov lists the trial as active, not recruiting (358 enrolled; primary completion August 2028).

    2. Remaining plant-sale process produces no transaction

      A BioNTech spokesperson told Fierce Pharma, Reuters and Pharma Manufacturing around Sept 28, 2026 that a broad sales process for Idar-Oberstein, Marburg, Tuebingen/CureVac and remaining international CureVac sites produced no transaction. JPT Peptide Technologies remains the only signed sale (agreed Aug 27). Reported closures: Tuebingen end-2027, Marburg start-2028, Idar-Oberstein end-2028. Fierce said Singapore operations still end with no buyer update; Reuters later removed Singapore from its headline. No matching biontech.com newsroom post or 6-K was found. Company-only spokesperson statements.

    3. Supervisory Board names KPMG as independent auditor for FY2027

      On September 18, 2026 BioNTech said its Supervisory Board approved appointing KPMG AG Wirtschaftspruefungsgesellschaft as independent auditor for the year ending December 31, 2027, subject to shareholder election at the upcoming Annual General Meeting, after a competitive Audit Committee tender. The company said it is not subject to mandatory auditor rotation. The FY2025 Form 20-F still carries the consent of EY GmbH & Co. KG Wirtschaftspruefungsgesellschaft as the then-current auditor.

    4. BNT168 therapeutic mRNA HIV vaccine enters Phase 1/2

      BioNTech began recruiting on August 4, 2026 for a randomized, placebo-controlled Phase 1 first-in-human trial (NCT07698600) of BNT168, an investigational RNA-based therapeutic HIV vaccine, in adults living with or without HIV. The study targets about 126 participants and will test safety, immunogenicity, and whether vaccine-induced immunity can support viral control during an analytical treatment interruption; a later Phase 2 portion is optional. Primary completion is listed as February 2028.

    5. Pumitamig plus elfetabart drozuntecan posts 70.4% ORR in SCLC at WCLC

      On September 12, 2026 IASLC presented first global data from the Phase 1b/2 BNT324-01 trial of pumitamig (PD-L1 x VEGF-A) plus elfetabart drozuntecan (B7-H3 ADC) in advanced or metastatic lung cancer, the first reported PD-(L)1 x VEGF bispecific plus ADC combination in the setting. Among 71 efficacy-evaluable small-cell lung-cancer patients, the overall objective response rate across all doses was 70.4% (1 complete response, 49 partial responses) with a 93.0% disease-control rate; first-line ORR was 92.3%. NSCLC data were described as immature. Safety was reported as manageable, with grade 3 or higher treatment-related adverse events in 23.3% of the 193 patients treated as of June 2, 2026.

    6. Gotistobart posts 18.5-month median OS at WCLC

      On September 14, 2026 BioNTech and OncoC4 presented the first median overall-survival data from non-pivotal stage 1 of Phase 3 PRESERVE-003 at the IASLC World Conference on Lung Cancer in Seoul: gotistobart monotherapy reached 18.5 months median OS versus 10.0 months for docetaxel (HR 0.56; nominal p=0.0295) in 87 previously treated squamous NSCLC patients (45 vs 42) at a July 17, 2026 cut-off after 25.4 months median follow-up. Grade 3 or higher treatment-related adverse events were 44.4% versus 48.8%. Pivotal stage 2 remains ongoing at more than 160 sites.

    7. Sells JPT Peptide Technologies to a DUBAG-advised fund

      On August 27, 2026 BioNTech agreed to sell Berlin-based peptide-tools subsidiary JPT Peptide Technologies GmbH to a fund advised by DUBAG Group (LEO III), the first completed-agreement sale from its manufacturing-footprint consolidation. Other site divestments (Idar-Oberstein, Marburg, Singapore, and CureVac facilities) remain under review through the end of September 2026, including partial or total sale options. The JPT deal is subject to closing conditions and is expected to close in 2026.

    8. Health Canada authorizes XFG-adapted Comirnaty for ages 6 months+

      On September 17, 2026 Pfizer Canada and BioNTech announced that Health Canada authorized the XFG variant-adapted COMIRNATY vaccine for active immunization of people aged 6 months and older for the 2026-2027 season. The partners said the decision rests on previously submitted clinical, non-clinical, and real-world evidence, and Pfizer Canada said it has enough inventory for federal and provincial contracts, with distribution in the coming days and weeks. The Canadian indication is broader than the August 27 FDA approval, which covered adults 65 and older and higher-risk people ages 5 to 64.

09

Funding

$2Bdisclosed across 4 rounds with a stated amount

Cumulative disclosed raise · dated rounds

$1B$2B$3B202020212022202320242025$2B raised
  1. Founding capital

    2008

    ~€180M

    Strüngmann family (Andreas & Thomas Strüngmann), MIG Fonds

  2. Series B (upsized)

    2019

    $325M

    Fidelity (lead), Redmile, Invus, Mirae Asset, Struengmann family office

  3. Gates Foundation investment

    2019

    $55M (up to $100M)

    Bill & Melinda Gates Foundation

  4. IPO (NASDAQ: BNTX)

    2019

    $150M (~$3.4B valuation)

    Public markets

  5. BMS strategic partnership (BNT327)

    2025

    $1.5B upfront + up to ~$9.6B

    Bristol Myers Squibb ($2B non-contingent through 2028; up to $7.6B milestones)

All Biotech