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BioNTech: completes acquisition of InstaDeep

(CercleFinance.com) - BioNTech has announced the acquisition of InstaDeep, a leading global technology company in the field of artificial intelligence and machine learning (ML).


The transaction comprises a total consideration of approximately 362 million pounds in cash and shares in BioNTech to acquire 100% of the remaining shares in InstaDeep.

InstaDeep shareholders will be entitled to receive additional future performance-based milestone payments of up to approximately 200 million pounds.


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