The pharmaceutical industry refers to the sector of the economy engaged in the research, development, production, and marketing of medications and pharmaceutical products. This industry encompasses a wide range of activities, including drug discovery, clinical trials, regulatory approval, manufacturing, and distribution. It involves both large multinational corporations and smaller biotechnology firms that innovate and develop new drugs or therapies aimed at treating various medical conditions. The pharmaceutical industry plays a crucial role in public health by providing necessary treatments and vaccines, contributing to medical advancements, and addressing health challenges worldwide. It is also characterized by strict regulatory requirements to ensure the safety and efficacy of drugs before they are made available to the public.
BioNTech, known for its COVID-19 vaccine, is transitioning toward cancer therapy development. Fourth-quarter 2024 earnings fell to €1.08 per share but surpassed market expectations despite declining revenue. Annual results show…