Nov. 3 at 12:40 PM
BioNTech lifted its 2025 revenue forecast after receiving upfront payments from its new cancer immunotherapy partnership with Bristol Myers Squibb, a deal designed to challenge Merck’s top-selling Keytruda. The German biotech now expects full-year revenue between €2.6 billion and €2.8 billion, compared with a prior range of €1.7 billion to €2.2 billion.
Under the agreement, Bristol Myers could pay up to
$11.1 billion over time, contingent on achieving certain milestones. BioNTech — known for its COVID-19 vaccine collaboration with Pfizer — reported a 22% year-over-year increase in third-quarter revenue to €1.52 billion.
The company also said it expanded the clinical trial program for pumitamig, the cancer therapy at the center of the alliance, during the third quarter, with additional studies expected to begin in 2026.
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