BioNTech Reiterates Its Covid-19 Vaccine Revenue Guidance At Approximately €5B; Expects R&D Expenses Of €2B-€2.2B Down From Prior Guidance Of €2.4B-€2.6B, And Capex Of €350M - €450M, Down From Prior Guidance Of €500M-€600M
Portfolio Pulse from Benzinga Newsdesk
BioNTech has reiterated its Covid-19 vaccine revenue guidance at approximately €5B. The company also expects its R&D expenses to be €2B-€2.2B, down from the previous guidance of €2.4B-€2.6B. Additionally, the capex is expected to be €350M - €450M, down from the prior guidance of €500M-€600M.
August 07, 2023 | 10:16 am
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BioNTech's reiteration of its Covid-19 vaccine revenue guidance and reduction in expected R&D expenses and capex could be seen as a positive signal by investors.
BioNTech's reiteration of its revenue guidance indicates confidence in its vaccine sales. The reduction in expected R&D expenses and capex suggests improved operational efficiency, which could positively impact the company's profitability and hence its stock price.
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