Search for coronavirus vaccine turns spotlight on German biotech firms | Deutsche Welle

“”An der Goldgrube 12″ — literally translated “At the Goldmine 12” in English — is the postal address of German biotech firm Biontech in Mainz, Germany. The name is apt because the company could indeed strike it rich if it succeeds in its newest undertaking: finding a vaccine against coronavirus and the lung disease COVID-19 it causes.

So far, Biontech has been developing drugs against cancer, but a recent cash injection from Chinese drugmaker Fosun Pharma would allow it to speed up its efforts in the global race to find a vaccine against the novel pathogen, Biontech announced Monday (March 17). The Chinese offered €120 million ($133.3 million), some €44 million of the sum are in exchange for shares in Biontech.”

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