BioNTech to develop, produce cancer drugs in Jerusalem, says Israel’s Finance Ministry

Germany’s BioNTech SE signed a preliminary deal to set up a facility to produce cancer-related drugs and vaccines in Jerusalem, Israel’s Finance Ministry said on Tuesday.

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Under the memorandum of understanding, BioNTech will develop the drugs and vaccines using mRNA technology in the Har Hotzvim technology park. It will also set up a research centre at the Weizmann Institute in central Israel.