Re:BioNTech alone could lift German economy by 0.5% this year
by sho_hn on Tuesday August 10, 2021 @11:12AM
(#28129810)
It's also pretty interesting how the vaccine development was funded, and the timeline:
- Dec 2019: €50 million loan from the European Commission/EIB
- Jun 2020: Additional €100 million loan from the EIB
- Jun 2020: €250 million from a Singaporean holding in a fairly regular investment activity
- March 2020: $135 million from the Chinese company Fosun in exchange for shares and a manufacturing license
- April 2020: $185 million from Pfizer as part of an equity partnership
- Sept 2020: €375 million of taxpayer money from the German gov in
Re:BioNTech alone could lift German economy by 0.5% this year
by oblio on Tuesday August 10, 2021 @12:11PM
(#28130612)
Your timeline messed up.
Re:BioNTech alone could lift German economy by 0.5% this year
by spywaregorilla on Tuesday August 10, 2021 @11:38AM
(#28130151)
I'm curious what you find interesting about this? Nothing seems especially remarkable here to me.
Re:BioNTech alone could lift German economy by 0.5% this year
by FabHK on Tuesday August 10, 2021 @03:06PM
(#28132859)
Not GP, but what I find uplifting is that sensible institutions (the European Investment Bank) could fund things that turned out to be immensely important before the need was obvious.
Re:BioNTech alone could lift German economy by 0.5% this year
by spywaregorilla on Tuesday August 10, 2021 @05:08PM
(#28134567)
I agree its uplifting, but not especially surprising. Biotech is a fairly hot sector.
Even though they are making $18 Billion, it is likely that the vaccine is actually worth trillions due to the number of lives saved and because vaccination is allowing the economies to open up again.
You hear a lot of about companies making money from developing and selling stuff that is a net harm to society, but it is good to hear about a company making money from developing and selling something that is a massive benefit to society.