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Temasek-led investor group in $250 million vaccine bet on BioNTech

Singapore's state investor Temasek and other investors are injecting $250 million into German biotech company BioNTech , which is developing an experimental vaccine against the coronavirus with pharmaceutical giant Pfizer. The investment, which BioNTech said was via a private placement, reflects heightened investor interest in the race to develop an agent that will stop the pandemic and sent shares in biotech firms such as Moderna and Novavax soaring this year. U.S.-listed shares in the German company jumped almost 15% to their highest since March 19 on the news. They have surged more than 80% so far this year against the Nasdaq biotech index's gain of 12%.

WSAY - June 29, 2020

View the full story here: https://wsau.com/news/articles/2020/jun/29/temasek-led-investor-group-in-250-million-vaccine-bet-on-biontech/1034083/?refer-section=health