BioNTech has recently obtained $145 million in funding for the construction of vaccine plants in Africa, which is a significant step in increasing its mRNA vaccine production capabilities in the continent. It has also strengthened its ADC bond with China's MediLink through a $25M payment. As part of its extended deal with CEPI, the company aims to enhance Africa's vaccine capability. It is also launching personalized mRNA cancer vaccines trial with NHS. However, amidst positive advancements, it has encountered challenges like a patent case against Pfizer-BioNTech won by Moderna in Europe and GSK suing BioNTech over Covid-19 vaccine technology. Despite recent setbacks such as underperformance of stocks, inventory writedowns and decreased projected revenues, BioNTech remains optimistic, bolstering its pipeline for 2024 and predicting a return to revenue growth in 2025.
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