COVID-19 Vaccine RevenuesThere are potential risks with US booster adoption and evolving policy shifts, which could impact BioNTech's near-term COVID revenues.
Regulatory RisksThere is meaningful downside risk following Dr. Vinay Prasad’s exit at FDA’s Center for Biologics Evaluation and Research, especially if FDA manages to carve vaccine leadership out from the rest of CBER.
Revenue PerformanceRevenue to BioNTech in 2Q25 was significantly lower than forecasted, impacting overall financial performance.