CureVac N.V.
2025
$1.3B
Why
BioNTech bought its Tübingen-based mRNA rival in an all-stock exchange offer to add CureVac's mRNA design, delivery and manufacturing know-how and its patent estate, months after settling U.S. patent litigation with CureVac and GSK.
Impact
The deal closed on December 18, 2025 and ended the patent dispute between the two German mRNA companies. CureVac's operations added to BioNTech's R&D and SG&A costs in 2026.
Outcome
In September 2026 BioNTech said the former CureVac headquarters in Tübingen would close at the end of 2027 as part of its manufacturing consolidation.