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BioNTech sees up to 17 billion eur in vaccine revenue this year -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Take a look at tubes are seen in entrance of a displayed Biontech emblem on this illustration taken, Could 21, 2021. REUTERS/Dado Ruvic/Illustration/File Picture

FRANKFURT (Reuters) – Germany’s BioNTech SE (NASDAQ:) stated the COVID-19 vaccine it’s growing with accomplice Pfizer (NYSE:) will seemingly generate as much as 17 billion euros ($19.6 billion) in revenues this 12 months, as booster photographs take maintain and use in kids will increase.

Based mostly on deliberate deliveries of as much as 2.5 billion doses to this point, BioNTech stated in a press release on Tuesday that it expects 16 billion to 17 billion euros in income accruing to it from the vaccine this 12 months, up from a forecast in August of 15.9 billion euros.

That determine consists of milestone funds from companions and a share of gross revenue in its companions’ territories, the corporate added.

Pfizer, for its half, final week stated it anticipated to ebook $36 billion in 2021 gross sales of the COVID-19 vaccine and forecast one other $29 billion from the shot in 2022, topping analyst estimates for each years.

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