BioNTech files for IPO after investor reneges on $88M promise

BioNTech has filed to raise $100 million (€90 million) in a Nasdaq IPO. The proposal, which comes shortly after a $325 million series B, would set BioNTech up to run clinical trials of three mRNA assets while funding its share of collaborations with Genentech, Sanofi and Genmab.