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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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Home Biotech

BioNTech Expands African mRNA Vaccine Operations with $145M CEPI Funding for Rwanda Facility

by Faith Gamde
October 29, 2024
in Biotech
Reading Time: 2 mins read
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BioNTech Expands African mRNA Vaccine Operations with $145M CEPI Funding for Rwanda Facility
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As BioNTech navigates the challenges of a post-pandemic landscape, the German biotech giant has strengthened its commitment to advancing mRNA vaccine production in Africa by securing $145 million from the Coalition for Epidemic Preparedness Innovations (CEPI). This funding will support BioNTech’s Kigali, Rwanda facility, aiming to boost Africa’s vaccine production capacity and bolster preparedness for future health crises.

CEPI’s CEO, Richard Hatchett, highlighted the importance of the partnership, noting Africa’s heavy reliance on imported vaccines, which leaves many waiting far too long for crucial immunizations. With CEPI’s support, BioNTech will develop a robust, end-to-end mRNA vaccine research and manufacturing operation that is anticipated to play a transformative role in responding to regional epidemics.

The expanded agreement builds on an initial partnership launched in September 2023, when CEPI granted BioNTech up to $90 million to develop BTN166, an mRNA vaccine candidate targeting mpox. The collaboration now obliges BioNTech to reserve half of its Rwandan facility’s capacity for rapid vaccine production during public health emergencies, supporting Africa’s ability to respond to future outbreaks swiftly. Additionally, BioNTech will use the funding to achieve regulatory authorization for the facility, strengthen local vaccine research, and support collaborations with African researchers, businesses, and nonprofits. Vaccines for infectious diseases like HIV, malaria, and tuberculosis are also part of BioNTech’s expanded focus.

FILE PHOTO: The headquarters of biopharmaceutical company BioNTech are seen in Mainz, Germany July 31, 2018. REUTERS/Ralph Orlowski/File Photo

This push for African vaccine self-sufficiency comes amid BioNTech’s ongoing shift toward new markets. With 2024 Q1 revenue dropping significantly from $1.38 billion to $202 million year-over-year and a net loss of $340 million, the company faces a challenging transition after its pandemic-era success. While BioNTech expands in Africa, rival Moderna recently paused plans to open a manufacturing site in Kenya, following significant financial setbacks due to fluctuating vaccine demand.

BioNTech, however, is also pursuing growth through oncology. The biotech has invested over $1 billion into a partnership with China’s MediLink Therapeutics to develop next-generation antibody-drug conjugates for cancer. Additionally, it formed partnerships with WuXi Biologics and Autolus Therapeutics to advance cutting-edge CAR-T therapies, demonstrating BioNTech’s strategy of pursuing high-potential areas like cancer treatment as it diversifies beyond vaccines.

BioNTech’s partnership with CEPI and expansion in Rwanda align with both its strategic shift and its commitment to strengthening global health security. This development represents a significant step toward building a more resilient African health ecosystem, bringing much-needed vaccine manufacturing closer to the people who need it most.

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