Biochemical Engineering

BioNTech acquires tech company InstaDeep for $549m

BioNTech acquires tech company InstaDeep for $549m

1st August 2023

BioNTech has acquired all the remaining shares of technology company InstaDeep in a deal valued at €500m ($549m) in cash. The total deal value excludes the shares BioNTech already owns. In January 2023, the parties signed an agreement for the acquisition. UK-based InstaDeep is a technology provider in the fields of artificial intelligence (AI) and machine learning (ML). Source: Pharmaceutical Technology 1/8/23


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