BioN­Tech al­lies with Aus­tralian state, ini­tial­iz­ing plans to con­struct new R&D and man­u­fac­tur­ing fa­cil­i­ties

While com­pa­nies are ex­pand­ing their fa­cil­i­ties in the wake of the Covid-19 pan­dem­ic, BioN­Tech is look­ing to break new ground on the land down un­der.

BioN­Tech an­nounced ear­li­er Fri­day that it signed what’s called a “Let­ter of In­tent” with the state of Vic­to­ria and a part of Aus­tralia — agree­ing on a part­ner­ship be­tween the two en­ti­ties on mR­NA ther­a­pies and vac­cines. A let­ter of in­tent, which in­fers an un­der­stand­ing be­tween two par­ties, is not yet a for­mal, legal­ly bind­ing agree­ment.

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