Pharma BD Deal Intelligence

BioNTech SE / CureVac N.V.

2025 · Acquisition/Merger · $1.2B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Jun 12, 2025 BioPharma Dive Bullish

BioNTech will acquire CureVac in an all-stock deal worth approximately $1.25 billion, consolidating two of the world's leading mRNA companies and ending a…

Jun 12, 2025 Reuters Neutral

BioNTech said on Thursday it would buy smaller rival CureVac in an all-stock deal valued at about $1.25 billion, as the German vaccine maker bets on…

Dec 18, 2025 StockTitan Neutral

BioNTech closed the CureVac acquisition on December 18, 2025; ~86.75% (195,341,219) of CureVac shares were validly tendered, and BioNTech expects to complete…

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BioNTech announced all-stock acquisition of CureVac in public exchange offer, ~$5.46 per CureVac share in BioNTech ADSs, total implied equity value ~$1.25B. Strengthens BioNTech's mRNA oncology platform and resolves prior patent litigation. Closed December 18, 2025. BioNTech completed the post-offer compulsory acquisition of the residual minority shares in January 2026, taking CureVac to 100% ownership and ending its public listing.

Key facts

Related deals — scored

DealYearValueOutcome
BioNTech SE / CureVac N.V. (this deal)2025$1.2B
BioNTech SE / Duality Biologics (Suzhou) Co. Ltd.2023$1.7B
BioNTech SE / Biotheus Inc. (Pumai Biotechnology)2024$950M
BioNTech SE / Kite Pharma (Gilead Sciences)2021$250M
AstraZeneca PLC / Daiichi Sankyo Company, Limited2019$6.9B100
Novartis AG / Endocyte, Inc.2018$2.1B96
Astellas Pharma Inc. / Seagen Inc.2009$4.5B95

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