BioNTech sees scope for further capacity expansion: CFO

Reuters
·1 min read
Sierk Poetting, CFO of German biotech firm BioNTech, is interviewed by journalists in Marburg

BERLIN (Reuters) - German COVID-19 vaccine maker BioNtech is open to further capacity expansion and the construction of new production facilities depending on demand, Chief Financial Officer Sierk Poetting said.

"There is still room for improvement. But that will ultimately also depend on demand," Poetting said in an interview with the Handelsblatt newspaper published on Wednesday.

Poetting said if premises were available, BioNtech could build up additional production capacity in six months, adding that discussions were ongoing.

"We have a lot of inquiries," the CFO said.

The Mainz-based biotech company and its U.S. partner Pfizer plan to produce 2.5 billion COVID-19 doses this year, of which 1.4 billion were already sold. The companies aim to raise production to three billion shots in 2022.

BioNTech in February launched production at its new site in the city of Marburg, which it purchased from Novartis last year, raising its annual capacity by around 1 billion doses.

(Reporting by Riham Alkousaa; editing by Jason Neely)

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • N.B. environment minister resigns, citing political differences with Higgs's Tories

    FREDERICTON — New Brunswick's Environment Minister has announced his resignation, citing political differences with the Progressive Conservative party led by Premier Blaine Higgs. Gary Crossman says in a social media post today that his health must be his priority and he feels it's time to "step aside." He says he is resigning immediately from cabinet and will step down from his duties as the Progressive Conservative member for the Hampton district in the coming days. The 69-year-old was first e

  • Man sets himself on fire outside Donald Trump hush money trial in New York

    People rushed to douse the person with a fire extinguisher and try to bat the flames away, according to reports

  • Nova Scotia Health contacting 2,690 patients after privacy breach

    Nova Scotia Health said it will be contacting 2,690 patients after their personal information was "inappropriately accessed" at Saint Martha's Regional Hospital in Antigonish, N.S."We are extremely disappointed that an employee of Nova Scotia Health would engage in activity of this nature. Nova Scotia Health will not tolerate any unauthorized access or snooping," Derek Spinney, the health authority's chief financial officer and vice-president of corporate services, told reporters on Friday.Spinn

  • Advocacy groups speak out against domestic violence comments by Nova Scotia minister

    HALIFAX — Several Nova Scotia organizations that assist women spoke out Friday against comments on domestic violence made by the province’s justice minister, and one called for his departure. Natasha Hines, executive director of Wellness Within, which deals with the reproductive health of women, transgender and nonbinary people, called comments by Brad Johns “ignorant and dangerous,” and she said in an interview that he should either resign or be fired. On Thursday, Johns disputed a public inqui

  • Pet owners love this 'phenomenal' 2-in-1 iRobot vacuum — and it’s 41% off on Amazon

    This vacuum/mop combo will keep your floors free of pet hair, dust and crumbs.

  • This week in Bideonomics: A Middle East breather

    Biden desperately wants to keep gasoline prices down. He may get his wish.

  • Hollyoaks airs shocking Lucas twist in Frankie story

    Hollyoaks has seen Lucas Hay accused of sexual assault by Darren Osborne in daughter Frankie's ongoing issue-based storyline.

  • Wakaw to receive a new cellular tower

    WAKAW – The Town of Wakaw will be receiving a new cellular tower to boost the area's cellular needs. Dwane Burke, Recreation and Community Economic Development Manager for the Town of Wakaw, spoke to SASKTODAY.ca and said the goal is to be operational by the end of June, following the required consultation process. The new cellular tower will be on the 100th block of Main Street on the property owned by SaskTel. The Town of Wakaw is about 100 km northwest of Saskatoon. Burke said the Town of Wak

  • Allstate, IBD Stock Of The Day, Rides Higher Insurance Rates, Better Luck Into Buy Zone

    Allstate is IBD Stock Of The Day as insurers rise thanks to premium increases and higher interest income.

  • Indexes Mostly Lower As Nvidia, SMCI Flash Sell Signals; Tesla Earnings Loom As Bitcoin's Halving Arrives

    The Dow Jones rose Friday afternoon. Netflix plunged after earnings. Nvidia and SMCI triggered sell signals while bitcoin's halving looms.

  • At playoff time, NHL teams march to the beat of their goaltenders and count on them to save the day

    DENVER (AP) — Colorado goaltender Alexandar Georgiev went home after a recent shaky outing and immediately watched film — the car-racing thriller “The Fast and the Furious.” Anything to keep his own mind from racing. It's playoff time, where teams march to the beat of their goaltenders. They want them laser-focused, full of confidence and ready to save the day. There are quite a few teams going into the postseason with big decisions in net. That includes Boston, which could split the goaltending

  • The Florida Panthers are weird. And coach Paul Maurice says that as a compliment

    FORT LAUDERDALE, Fla. (AP) — Ordinarily at playoff time, this would be bulletin-board material: A coach in the NHL referred to the Florida Panthers as weird. Except this time, nobody minded. Because the guy who said it was Panthers coach Paul Maurice. Weird, goofy and unique are just some of the terms Maurice uses to describe his team, and he's saying those words in the most endearing way possible. To him, they're all badges of honor, part of the reasons why the Panthers finished with 110 points

  • P&G raises full-year outlook in mixed Q3 earnings results

    Procter & Gamble (PG), which produces a variety of cleaning and personal hygiene products, posted mixed fiscal third-quarter earnings on Friday. While topping earnings estimates with gains of $1.52 per share, P&G fell below its revenue estimates for the quarter. Citi Director of Equity Research Filippo Falorni joins Yahoo Finance to discuss the larger consumer sentiment trends influencing Procter & Gamble's sales. "Most of these companies, including Procter... have taken significant prices over the last two years to offset the big commodity inflation of really late 2021 and 2022," Falorni says. "Now, commodities have been more favorable throughout last year and this year, so there's really a lot less room for them to take implemental pricing." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan.

  • Sarah Jessica Parker calls this Serge Normant volumizing spray 'a must' for giving hair 'more body' — and it's down to $20

    'Use it instead of dry shampoo or hairspray,' says the actress of the product, also loved by Meghan Markle and Brooke Shields.

  • ‘The Squad’ slam Columbia for suspending Ilhan Omar’s daughter as pro-Palestine protest camp rebuilt a day after arrests

    New York police arrested more than 100 demonstrators from Columbia and Barnard College

  • Emma Raducanu beaten by Iga Swiatek but Briton on upward trajectory

    A resurgent Emma Raducanu played some of her best tennis in recent memory but fell short in a compelling quarter-final battle against world No 1 Iga Swiatek at the Stuttgart Open.

  • Sunak: Everyday problems are no excuse not to find work

    Rishi Sunak said “everyday challenges” in life should not lead to people being signed off work sick as he unveiled a five-point plan to tighten the welfare system.

  • Rishi Sunak’s plan to cut sickness benefits bill prompts charity fury

    The prime minister said it was a ‘moral mission’ to reform the welfare system

  • The Latest | Trump's legal team again asks appeals court to intervene in hush money case

    NEW YORK (AP) — A jury of 12 people and six alternates was seated on Friday in former President Donald Trump’s hush money criminal case. The completion of jury selection sets the stage for opening statements in the first-ever criminal trial of a former U.S. president to begin Monday, as well as weeks of testimony in a case charging Trump with falsifying business records to suppress stories about his sex life emerging in the final days of the 2016 election. The jury includes a sales professional,

  • 'City within a city': Montreal announces new plan for 20,000 housing units

    MONTREAL — The City of Montreal has announced a new vision for an old racetrack that the mayor says will be home to as many as 40,000 people. The federal and provincial governments, as well as the city will each pitch in $2 million for technical studies on the 95 hectares of land, part of which used to host the Hippodrome. The land hasn't been used for 14 years and doesn't have a water distribution system, and the studies will analyze what it will cost to connect the area to city infrastructure