BioNTech, a key player in COVID-19 management, will report their Q3 earnings along with their current struggles within the market. Patent wars have emerged, with Pfizer and BioNTech invalidating CureVac's UK COVID vaccine patents and University of Pennsylvania (UPenn) suing BioNTech over vaccine patent royalties. BioNTech's phase 3 cancer trial has been placed on partial hold due to variable results. New partnerships were developed with CEPI and Regeneron in a bid to increased access to mRNA vaccines and cancer treatments. Shift towards cancer drugs is in forecast as the company faces staggering losses due to decreased demand for COVID-19 vaccines. DeepMind collaboration for an AI-assisted laboratory showcases budding innovation. Their novel mRNA-based lung cancer vaccine is set to undergo global trials. However, their flu-COVID vaccine study faltered. BioNTech has pledged to boost mRNA vaccine capabilities in Africa via a $145M investment. Legal battles continue, but there have been gains against Moderna, a competitor. While these current conditions are unfavorable, BioNTech's venture into mRNA cancer vaccines shows pioneering work.
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