London Daily

Focus on the big picture.
Thursday, Aug 28, 2025

Bill and Melinda Gates-backed coronavirus vaccine maker soars in Wall Street debut

Bill and Melinda Gates-backed coronavirus vaccine maker soars in Wall Street debut

The race for a successful coronavirus vaccine is heating up in labs around the world - and on Wall Street. Germany's CureVac, a biotech with the backing of the Bill & Melinda Gates Foundation, more than tripled in its first day of trading Friday.
CureVac priced its initial public offering at $16 a share. The stock soared nearly 250%, to just below $56, by the end of the day.
The company, which is competing with the likes of Moderna (MRNA), Novavax (NVAX), BioNTech (BNTX) and Pfizer (PFE), is also backed by billionaire Dietmar Hopp, the co-founder of German software giant SAP (SAP).

Hopp owns nearly half of CureVac. The German government and Big Pharma leader GlaxoSmithKline (GSK) also have big stakes.
The Bill & Melinda Gates Foundation, the charitable arm of the multibillionaire Microsoft (MSFT) co-founder and his wife, invested $40 million in the company in 2015.

CureVac recently received approval from the governments of Germany and Belgium to start clinical trials for one of its vaccines for 1Covid1-19.

The company generated €17.4 million ($20.6 million) in revenue in 2019, an increase of 35% from the prior year. It is not yet profitable.

CureVac also has another big name in its roster of partners: the firm is working on technology with Elon Musk's electric car giant Tesla (TSLA). The company has had a development and intellectual property agreement with Tesla since November 2015, according to its regulatory filings with the Securities and Exchange Commission.

Musk tweeted last month that Tesla's German Grohmann division is helping build molecule printers for CureVac - a "side project" that may work with other drug companies.

CureVac is one of several biotechs that has attracted attention from the Trump administration as well. The company denied published reports earlier this year that President Trump was seeking to get some of the company's German scientists to come to the United States to work on a vaccine.

Hopp has not ruled out the possibility of the company working more closely with the US, though.

He said in March that CureVac is "committed to the goal of protecting all people from infections and improving therapies for patients worldwide" and added that the company's intention is to create "sustainable innovative infrastructure and jobs in Germany."
Comments

Oh ya 5 year ago
Yes anywhere mr and mrs devil can make a buck and work on their agenda of de population they will be there. Liberalism find the cure

Newsletter

Related Articles

0:00
0:00
Close
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
×