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7/26, 4:25 PM (Source: TeleTrader)
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BioNTech to develop mRNA malaria shot

BioNTech SE unveiled on Monday it will use parts of the profits obtained from the sales of the COVID-19 vaccine, which it developed with Pfizer Inc., to develop an mRNA shot against malaria.

The company issued a statement explaining that the "Malaria project's" second goal is to develop a network of manufacturing facilities throughout Africa to ensure "sustainable vaccine production and supply solutions."

The German pharmaceutical company also announced it will start a clinical trial of its tuberculosis vaccine candidate in 2022.

The company's shares were up 3.7% at 10:23 am ET, selling for $292.44.

Breaking the News / BU