BioNTech raises $250 million from investors including Temasek

The company is developing a vaccine for Covid-19. Representative image/Reuters

BioNTech said Singapore's state investment company Temasek and other investors are injecting $250 million into the German biotech firm through a private placement.

The company, which is developing a Covid-19 vaccine, said the transaction includes the purchase of about $139 million in ordinary shares and a $112 million investment in 4-year mandatory convertible notes.

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