Why is BioNTech Expecting Pandemic-Level Vaccine Sales in the Autumn?

 The German mRNA company BioNTech, owner and legal manufacturer of what is more commonly known as the “Pfizer” COVID-19 vaccine, has fallen on hard times. Well, not so hard, given that BioNTech cleared nearly €30 billion in profits on sales of the product during 2021 and 2022 and still has a reported €18 billion in cash or cash equivalents on hand.

But, in any case, with no other product authorised for use and the market for COVID-19 vaccines, needless to say, having crashed, BioNTech has gone back to losing money. This was all it ever did in fact from the time of its founding in 2008 until 2021, and, as reported in a recent article in the German daily Der Tagesspiegel, the firm booked €300 million in losses in the first quarter of 2024 on €187.6 million in sales.

But apparently the firm is confident that good times – for it, at any rate – are just around the corner, since, according to its projections, it will achieve total sales roughly 15 times greater than that for 2024 as a whole: namely, between €2.5 and €3.1 billion. Thus, BioNTech Chief Financial Officer Jens Holstein notes: “We expect to achieve around 90% of our total annual sales in the final months of 2024, primarily in the fourth quarter of 2024.”...<<<Read More>>>...