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.
Published 29 June 2020, 08:15 IST