Curevac increases sales strongly – loss also increases significantly


The biotech company can significantly increase its sales.

(Photo: dpa)

Tubingen The biotech company Curevac significantly increased its loss in the third quarter with a sharp rise in sales. The company announced on Thursday evening in Tübingen that the revenue rose by 463 percent to 29.3 million euros compared to the same period last year. The increase in sales in the first nine months is still 44 percent. The increase was mainly due to higher sales from the cooperation with the British pharmaceutical company GlaxoSmithKline, it was said to justify.

However, the result minus also grew significantly in the past quarter. The operating loss increased from 36.7 million euros to 143.1 million euros. The main reason was higher research and development costs for CVnCoV, the first-generation Covid-19 vaccine candidate.

More: The Curevac Problem: Why The Vaccine Developer’s Withdrawal Is A Warning Sign To Other Stragglers

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