India, March 10 -- Shares of BioNTech SE were losing around 5 percent in German trading as well as around 3 percent in the pre-market activity on the Nasdaq, after the German drugmaker on Monday issued weak revenue outlook for fiscal 2025 after reporting lower fourth-quarter earnings and revenues.
According to the firm, the decrease in revenues was primarily driven by lower sales of its COVID-19 vaccines due to reduced market demand.
Ugur Sahin, CEO and Co-Founder of BioNTech, said, "In 2024, we made significant progress towards our vision through important oncology pipeline advancements, including the initiation of global Phase 3 clinical trials for our anti-PD-L1/VEGF-A bispecific antibody candidate BNT327 and key data updates from our ...