BioNTech alone could lift German economy by 0.5% this year

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

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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.

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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.

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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.

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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.

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Re:BioNTech alone could lift German economy by 0.5% this year by runako on Tuesday August 10, 2021 @11:35AM (#28130121)

There's also the IPO proceeds of ~$350mm IIRC.

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