How to13 Dec 2018 18:28
Turn your Biotech startup into a successful company:
BioNTech AG. Founded in 2008, the company started with a handful of employees, but has grown to employ more than 850 people as Europe’s largest private biotech company working in immunotherapies.
Dr. Ugur Sahin, an accomplished immunologist and experimental cancer researcher, is one of the founders of BioNTech. His research as a professor at the Johannes-Gutenberg University Mainz in the fields of oncology, hematology and immunology, laid the foundation for BioNTech’s success.
Although scientific knowledge and experience are a prerequisite to success, another important aspect is funding: “In order to further pursue research in cancer immunology, to further develop Dr. Sahin’s promising research in the field, and to bring new drug candidates to clinical development, funding was critical,” explains Sean Marett, Chief Business and Commercial Officer at BioNTech.
In January 2018, for instance, the company secured $270 million (€237 million) in a series A financing round. The biotech company will use this capital to work on its clinical pipeline of individualized immunotherapies, which covers novel approaches such as mRNA and CAR-T for the treatment of cancer and other diseases.
And just this August, BioNTech signed a collaboration agreement with Pfizer for the development of prophylactic mRNA-based vaccine candidates against influenza. Together, they will jointly conduct research, and BioNTech is set to receive a total of $425 million (€374 million) in research, R&D and commercial payments in case a product should be brought to market one day.
Marett sees BioNTech’s secret to success in its “broad scientific knowledge base, and a diverse and experienced team, which brings different perspectives together.” Only then, says Marett, can a biotech company become successful.
https://labiotech.eu/sponsored/guide-biotech-startup-successful-company/