A New Plant In Germany Will Help BioNTechSE (BNTX) Meet the COVID-19 Vaccine Demand

Related Topics

The company BioNTech SE (NASDAQ: BNTX) started producing coronavirus vaccines at a new facility in Germany, which will help it increase production by around 750 million doses per year in Europe. The first batch of vaccines manufactured in Marburg, north of Frankfurt, amounting to 8 million doses, is expected to be distributed early next month, BioNTech announced.

This vaccine, developed by BioNTech and Pfizer, takes only a few days to manufacture the mRNA. A batch of medicines produced this week will have to be transported to another location to be packaged into vials before shipped. Before products are handed out, there is a quality-control process conducted by the European Medicines Agency.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!


Thanks to the Marburg plant, vaccine production will double this year. Pressure has increased on manufacturers to produce more vaccines, especially since the European Union is moving more slowly on vaccines than the US and UK.

Swiss pharmaceutical giant Novartis sold BioNTech SE (BNTX) the plant last year, and it intends to use it to supply the world outside the US. During the first half of this year, BioNTech said, it will produce 250 million doses of the vaccine, according to the company’s press release. In the meantime, Pfizer’s Belgian factory, whose production had slowed due to renovations, has resumed full production.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:
Sign up for our FREE Newsletter and get:

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.