{"id":773737,"date":"2023-07-31T10:06:20","date_gmt":"2023-07-31T14:06:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/"},"modified":"2023-07-31T10:06:20","modified_gmt":"2023-07-31T14:06:20","slug":"biontech-completes-acquisition-of-instadeep","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/","title":{"rendered":"BioNTech Completes Acquisition of InstaDeep"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li>\n          <em>Acquisition aims to strengthen BioNTech\u2019s pioneering position in the field of AI-powered drug discovery, design and development<\/em>\n        <\/li>\n<li>\n          <em>InstaDeep to operate as London based subsidiary of BioNTech and will be the centerpiece of its growing portfolio of initiatives around artificial intelligence and machine learning<\/em>\n        <\/li>\n<li>\n          <em>Approximately 290 highly skilled professionals and a global network of research partners in the fields of artificial intelligence, machine learning and data science based in the world\u2019s leading global technology hubs <\/em>\n        <\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>MAINZ, Germany, July 31, 2023 \u2013<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wYMKaL82UwjfVHLR44RPH9KY2EUhqoVmXiddH5ZDkeT8sGfGhmsfSmF3P6ycKiPvo6CHjOEovoPWbqRru9B3VDdNLJn2eFzvq0R2sProihfBRWBmuqkPPcCFgolT8vBSyHnwkIapGh2Or3AkvaE7AfwN2FumSattwKUm9ewugQD_qx7RJT_BH79Q9vNmvC-Tqcdt9Uss9w4Dei81WqAmo3vFq0W-N0nKYTxbZbXknEo=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <u>BioNTech SE<\/u><br \/>\n        <\/a>\u00a0(Nasdaq: BNTX, \u201cBioNTech\u201d or \u201cthe Company\u201d) announced today the completion of the acquisition of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aXYxdBWnpzg2ipYvMC2xKoAyzcr9tQJ6j5_zZ0bWlZDUldIQu-EHbGDs_Xk9vHe8UxYzhR2RBLLtYTFNy7BRCOyhL3KeWM3JrXDroIhHJes=\" rel=\"nofollow noopener\" target=\"_blank\"><u>InstaDeep Ltd.<\/u><\/a>\u00a0(\u201cInstaDeep\u201d), a leading global technology company in the field of artificial intelligence (\u201cAI\u201d) and machine learning (\u201cML\u201d). The acquisition was announced on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dsi8s500oP1IKdhcUIz1ggmdxwGJyI02iyttnh8QRYlP8HgAGxZxpQ4-WhVcMwSHepaYWe8AIyhq_SBL9I4LyoRfmFWLKiCpZtesk-xgnBFWtBQ_t_xuUKyW1LVC6kb3LeC9cESNJQshdnDWD-uqX4eQ_iKF7YJchZD3uvlfd9Z6s_2fwmfa6r9POnAKHHxhBwsKHqD7g9yPzpJ6iSFTqPIR-7UPLTqGEjAbTcpsHcQ=\" rel=\"nofollow noopener\" target=\"_blank\"><u>January 10, 2023<\/u><\/a> and follows a track record of increasing collaboration between the two companies since 2019 as well as BioNTech\u2019s initial equity investment as part of InstaDeep\u2019s Series\u00a0B financing round in January 2022. <\/p>\n<p align=\"justify\">The acquisition supports BioNTech\u2019s strategy, aiming to build world-leading capabilities in AI-driven drug discovery and development of next-generation immunotherapies and vaccines to address diseases with high unmet medical need. InstaDeep will operate as a UK-based global subsidiary of BioNTech. In addition to BioNTech-focused projects, InstaDeep will continue to provide its services to clients around the world in diverse industries, including in the Technology, Transport &amp; Logistics, Industrial, and Financial Services sectors. The transaction adds approximately 290 highly skilled professionals to BioNTech\u2019s workforce, including teams in AI, ML, bioengineering, data science, and software development. <\/p>\n<p align=\"justify\">The total consideration to acquire the remaining InstaDeep shares, excluding the shares already owned by BioNTech, amounts to approximately \u20ac500 million in cash, BioNTech shares, and performance-based future milestone payments.<\/p>\n<p align=\"justify\">\n        <strong>About BioNTech<\/strong><br \/>\n        <br \/>Biopharmaceutical New Technologies is a next generation immunotherapy company pioneering novel therapies for cancer and other serious diseases. BioNTech exploits a wide array of computational discovery and therapeutic drug platforms for the rapid development of novel biopharmaceuticals. Its broad portfolio of oncology product candidates includes individualized and off-the-shelf mRNA-based therapies, innovative chimeric antigen receptor T cells, bispecific immune checkpoint modulators, targeted cancer antibodies and small molecules. Based on its deep expertise in mRNA vaccine development and in-house manufacturing capabilities, BioNTech and its collaborators are developing multiple mRNA vaccine candidates for a range of infectious diseases alongside its diverse oncology pipeline. BioNTech has established a broad set of relationships with multiple global pharmaceutical collaborators, including Duality Bio, Fosun Pharma, Genentech, a member of the Roche Group, Genevant, Genmab, OncoC4, Pfizer, Regeneron and Sanofi. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GD0MX9Zyy9g4Ki-RkHoZMghaqhW9dKVB-4w962f8leLlvDp7_nv-x4zWqBeNJ8kL1jF4wgT2_Pw18SO8lZPYuDU5qiswAx01NhD-uq6k66A=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.BioNTech.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>BioNTech Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release contains \u201cforward-looking statements\u201d of BioNTech within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, but may not be limited to, statements concerning: the expected impact of this acquisition on BioNTech\u2019s and InstaDeep\u2019s business; the creation of long-term value for BioNTech and InstaDeep shareholders; potential synergies between BioNTech and InstaDeep and their businesses; the ability of the DeepChain\u2122 protein design platform to engineer new mRNA sequences for protein targets; the ability of AI and ML to quicken and scale up the delivery of next generation of diagnostics and therapeutics; the ability of ML and edge analytics to identify novel predictive biomarkers, inform patient selection, and accelerate the development of therapeutic programs; the ability to utilize AI and ML applications to further optimize manufacturing and supply chain processes, including by using robotics and autonomous decision-making; the eligibility of InstaDeep shareholders to receive additional milestone payments; and InstaDeep\u2019s plans to continue to provide services to clients around the world in diverse industries. Any forward-looking statements in this press release are based on BioNTech\u2019s current expectations and beliefs of future events, and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: the reaction to the transaction of InstaDeep\u2019s business partners; the reaction of competitors to the transaction; the retention of InstaDeep employees; BioNTech\u2019s plans for InstaDeep; the future growth of InstaDeep\u2019s and BioNTech\u2019s businesses and the possibility that integration following the transaction may be more difficult than expected; the risk that InstaDeep\u2019s collaborations will not continue or will not be successful; risks related to InstaDeep\u2019s ability to protect and maintain InstaDeep\u2019s intellectual property position; risks related to InstaDeep\u2019s capital requirements, use of capital and unexpected expenditures, including InstaDeep\u2019s ability to manage operating expenses or obtain funding to support planned business activities or to explore and establish strategic transactions; risks related to InstaDeep\u2019s ability to attract and retain personnel; and the ability of AI and ML to produce improvements in the drug discovery and development process or deliver efficiencies in drug manufacturing, logistics and supply chain. <\/p>\n<p align=\"justify\">For a discussion of these and other risks and uncertainties, see BioNTech\u2019s Quarterly Report on Form 6-K for the quarter ended March 31, 2023, filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) on May 8, 2023, which is available on the SEC\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GD0MX9Zyy9g4Ki-RkHoZMuEc6EIwlHJsxtnBcGGCNOdAMQzdAy9kH-Si7cUv9HR9zAqIZGVRiiOfTK8z9exGAw==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.sec.gov<\/u><\/a>. All information in this press release is as of the date of the release, and BioNTech undertakes no duty to update this information unless required by law.<\/p>\n<p align=\"justify\">\n        <strong>About InstaDeep<\/strong><br \/>\n        <br \/>InstaDeep is a leader in decision-making AI systems with headquarters in London, and offices in Paris, Tunis, Lagos, Dubai, Cape Town, Berlin, Boston and San Francisco. InstaDeep was founded in 2014 in North Africa and has been named for three consecutive years to CB Insights\u2019 influential AI 100 ranking, which showcases the 100 most innovative private artificial intelligence companies in the world. It was also named in 2022 as one of Europe\u2019s 100 most promising B2B companies by the Financial Times-backed media site Sifted. With expertise in both machine intelligence research and concrete business deployments, InstaDeep gives its partners a competitive advantage in an AI-first world. Leveraging its extensive know-how in GPU-accelerated computing, deep learning and reinforcement learning, InstaDeep products, such as its DeepChainTM protein design platform, tackle the most complex challenges across a range of industries. InstaDeep has also developed collaborations with global leaders in the AI ecosystem, such as Nvidia and Google Cloud and has published joint research with DeepMind.<\/p>\n<p>\n        <strong>CONTACTS<\/strong>\n      <\/p>\n<p>\n        <strong>BioNTech:<\/strong>\n      <\/p>\n<p>Media Relations<br \/>Jasmina Alatovic<br \/>+49 (0)6131 9084 1513<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Tkz1GUX9WGyWbxGH9X6SeRwUQr-AnRa16H8Iawdj66ft6YcJAtP7xnHmgnorfwTU8fqGYtfRGvxLgdGR4K7U0mD7Jvily3VT-yyWbkMDuZQ=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Media@biontech.de<\/u><\/a><\/p>\n<p>Investor Relations<br \/>Victoria Meissner, M.D.<br \/>+1 617 528 8293<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RBbdKqKgTV3oE8lXMyyRVFV_EvSBWKajXhBHgtmYUwY34EiEZCirA3Rs98lRgRaGTX9MZuxtrMXtxcHH6X9Mch1CW18j5z-MVXp2FrMiQbI=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Investors@biontech.de<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDgzMjQ0NSM0MDE1ODg4NjMjMjAwMDk4NQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/YzM1MmMzN2UtYjViOS00Y2Q4LWIzMDAtOWUwNDQzMDNhMDFkLTEwMTI1NTg=\/tiny\/BioNTech-SE.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition aims to strengthen BioNTech\u2019s pioneering position in the field of AI-powered drug discovery, design and development InstaDeep to operate as London based subsidiary of BioNTech and will be the centerpiece of its growing portfolio of initiatives around artificial intelligence and machine learning Approximately 290 highly skilled professionals and a global network of research partners in the fields of artificial intelligence, machine learning and data science based in the world\u2019s leading global technology hubs MAINZ, Germany, July 31, 2023 \u2013 BioNTech SE \u00a0(Nasdaq: BNTX, \u201cBioNTech\u201d or \u201cthe Company\u201d) announced today the completion of the acquisition of InstaDeep Ltd.\u00a0(\u201cInstaDeep\u201d), a leading global technology company in the field of artificial intelligence (\u201cAI\u201d) and machine learning (\u201cML\u201d). The acquisition was announced on January &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BioNTech Completes Acquisition of InstaDeep&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-773737","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BioNTech Completes Acquisition of InstaDeep - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BioNTech Completes Acquisition of InstaDeep - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition aims to strengthen BioNTech\u2019s pioneering position in the field of AI-powered drug discovery, design and development InstaDeep to operate as London based subsidiary of BioNTech and will be the centerpiece of its growing portfolio of initiatives around artificial intelligence and machine learning Approximately 290 highly skilled professionals and a global network of research partners in the fields of artificial intelligence, machine learning and data science based in the world\u2019s leading global technology hubs MAINZ, Germany, July 31, 2023 \u2013 BioNTech SE \u00a0(Nasdaq: BNTX, \u201cBioNTech\u201d or \u201cthe Company\u201d) announced today the completion of the acquisition of InstaDeep Ltd.\u00a0(\u201cInstaDeep\u201d), a leading global technology company in the field of artificial intelligence (\u201cAI\u201d) and machine learning (\u201cML\u201d). 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/","og_locale":"en_US","og_type":"article","og_title":"BioNTech Completes Acquisition of InstaDeep - Market Newsdesk","og_description":"Acquisition aims to strengthen BioNTech\u2019s pioneering position in the field of AI-powered drug discovery, design and development InstaDeep to operate as London based subsidiary of BioNTech and will be the centerpiece of its growing portfolio of initiatives around artificial intelligence and machine learning Approximately 290 highly skilled professionals and a global network of research partners in the fields of artificial intelligence, machine learning and data science based in the world\u2019s leading global technology hubs MAINZ, Germany, July 31, 2023 \u2013 BioNTech SE \u00a0(Nasdaq: BNTX, \u201cBioNTech\u201d or \u201cthe Company\u201d) announced today the completion of the acquisition of InstaDeep Ltd.\u00a0(\u201cInstaDeep\u201d), a leading global technology company in the field of artificial intelligence (\u201cAI\u201d) and machine learning (\u201cML\u201d). The acquisition was announced on January &hellip; Continue reading \"BioNTech Completes Acquisition of InstaDeep\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-31T14:06:20+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDgzMjQ0NSM0MDE1ODg4NjMjMjAwMDk4NQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BioNTech Completes Acquisition of InstaDeep","datePublished":"2023-07-31T14:06:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/"},"wordCount":1061,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDgzMjQ0NSM0MDE1ODg4NjMjMjAwMDk4NQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/biontech-completes-acquisition-of-instadeep\/","name":"BioNTech Completes Acquisition of InstaDeep - 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