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It's also pretty interesting how the vaccine development was funded, and the timeline: - Dec 2019: €50 million loan from the European Commission/EIB - Jun 202
by sho_hn 5y ago
It's also pretty interesting how the vaccine development was funded, and the timeline:
- Dec 2019: €50 million loan from the European Commission/EIB
- Jun 2020: Additional €100 million loan from the EIB
- Jun 2020: €250 million from a Singaporean holding in a fairly regular investment activity
- March 2020: $135 million from the Chinese company Fosun in exchange for shares and a manufacturing license
- April 2020: $185 million from Pfizer as part of an equity partnership
- Sept 2020: €375 million of taxpayer money from the German gov in
- runako 5y agoThere's also the IPO proceeds of ~$350mm IIRC.
- spywaregorilla 5y agoI'm curious what you find interesting about this? Nothing seems especially remarkable here to me.
- FabHK 5y agoNot GP, but what I find uplifting is that sensible institutions (the European Investment Bank) could fund things that turned out to be immensely important before the need was obvious.
- spywaregorilla 5y agoI agree its uplifting, but not especially surprising. Biotech is a fairly hot sector.
- oblio 5y agoYour timeline messed up.