NasdaqGS:BNTXBiotechs
BioNTech (NasdaqGS:BNTX) Stock Faces Widening Losses Despite Deeper Oncology Pipeline
BioNTech stock slipped about 1% to €91.35 after Q2 earnings, a muted move for a company still seen by many investors as a former vaccine powerhouse that is now trying to reinvent itself as an oncology specialist. The headline this quarter is not the share price; it is the deepening loss profile against a very small revenue base and the weight that puts on the BioNTech investment story.
Q2 revenue came in at €105.6m while net income showed a loss of €820.8m and basic earnings per share were a...