January 4, 2019 / 10:00 AM / 8 months ago

Sanofi to invest 80 mln euros in German biotech group BioNTech

FRANKFURT, Jan 4 (Reuters) - French drugmaker Sanofi will invest 80 million euros ($90.9 million) in BioNTech and expand its collaboration with the German biotech group, BioNTech said on Friday.

BioNTech, which first agreed a collaboration with Sanofi in 2015 in the area of cancer immunotherapy, did not specify the stake Sanofi would hold as a result of the investment.

BioNTech said the companies had signed a deal to jointly develop the first cancer immunotherapy which has reached the stage of clinical trial and is to be tested on a number of solid tumour types.

$1 = 0.8800 euros Reporting by Patricia Weiss Writing by Christoph Steitz Editing by Edmund Blair

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