Biontech is a famous drug company from Mainz. It became famous for Corona vaccines. Now the company changes many things. Biontech closes several places for production.
The factories in Marburg and Idar-Oberstein close. Locations in Singapore and Tuebingen also close by 2027. Biontech stops making Corona vaccines in Germany. The partner Pfizer from the USA takes over this task.
The closures threaten 1,860 jobs. Biontech wants to save 500 million Euro each year. The company needs money for new projects. It wants to make new medicine against cancer.
Few people buy the Corona vaccine now. Biontech earns less money than before. The company had a big loss in the first quarter. The company focuses now on oncology.
