BNTX stock prediction was not too far from the actual trading price of $136.45 in pre-Market at 09:00 AM EDT
On October 6, BioNTech (NASDAQ:BNTX) announced that it had partnered with the Australian State of Victoria to conduct research and develop possible mRNA-based vaccinations and treatments. In accordance with the terms of the Letter of Intent, the parties will establish a research and innovation hub in Melbourne to aid in the translation of scholarly work into clinical development.
The German company also intends to construct a BioNTainer facility in Melbourne for the end-to-end clinical-scale manufacture of potential mRNA-based medicines. “Our BioNTainers are intended to serve as fully automated production facilities for mRNA-based pharmaceuticals and product candidates.” ” Once mRNA candidates are authorized, our BioNTainers in Melbourne will enable an end-to-end production process, including fill and finish,” said Sierk Poetting, CEO of BioNTech.
In order to further grow its clinical-stage oncology portfolio, which currently includes 18 product candidates in 23 ongoing trials, BioNTech plans to strengthen its clinical development capabilities in Australia and include sites.
The company announced that it is now enrolling cancer patients in Australia for two phases 2 mRNA-based treatments, BNT111 and BNT113 and that it has ambitions to expand its clinical research, including BNT211, which combines a CAR-T cell therapy strategy with an mRNA vaccination.
How quickly are the earnings per share on BNTX stock increasing?
Although BioNTech (NASDAQ:BNTX) has increased earnings per share (EPS) at an outstanding rate over the past three years after starting from a relatively low base, the three-year percentage growth rate isn’t especially predictive of anticipated future performance. Therefore, it seems like a good idea to pay attention to more recent growth rates. EPS for BioNTech impressively increased from €16.76 to €48.34. It’s unusual to witness a growth of 188% year over year. The ideal situation is that a true inflection moment has been reached for the company.
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Author Jowi Kwasu 
