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BioNTech (NASDAQ:BNTX) Shifts Focus to Oncology, Receives Buy Rating from Goldman Sachs

  • Goldman Sachs upgraded BioNTech (NASDAQ:BNTX) to a Buy rating, citing potential in cancer treatment.
  • BioNTech plans to leverage its mRNA technology for oncology, backed by a substantial cash reserve of $17 billion.
  • The company has delivered five billion doses of its COVID-19 vaccine globally and is conducting 25 clinical trials in various health programs.

BioNTech (NASDAQ:BNTX) is a biotechnology company known for its work in developing mRNA-based vaccines and therapies. It gained significant attention for its COVID-19 vaccine, developed in partnership with Pfizer, which has been distributed globally. The company is now shifting its focus back to oncology, aiming to leverage its expertise in mRNA technology for cancer treatment.

On January 16, 2026, Goldman Sachs upgraded BioNTech from a Neutral to a Buy rating, highlighting the company's potential in cancer treatment. At the time, the stock price was $106.07. This upgrade aligns with BioNTech's strategic shift back to oncology, as announced at the J.P. Morgan Healthcare Conference. The company plans to focus on upcoming clinical readouts and utilize its substantial cash resources of $17 billion to support late-stage development.

BioNTech's CEO, Ugur Sahin, emphasized the company's commitment to "translating science into survival." This reflects BioNTech's achievements in delivering five billion doses of the COVID-19 vaccine globally, reaching over 180 countries. The company is also involved in global health programs using its mRNA technology, conducting 25 clinical trials with 16 clinical programs in progress.

Despite the positive outlook, BioNTech's stock price has seen a decrease of 2.80%, or $3.05, with the current price at $106.07. Today, the stock has traded between $105.16 and $108.78. Over the past year, BNTX has reached a high of $126.77 and a low of $81.20. The company has a market capitalization of approximately $25.51 billion, with a trading volume of 675,603 shares.